Tag Archives: Oil

​This is why you should never use coconut oil on your hair

Who knew?

Whether we’re frying our veggies in it or slathering it over our dry skin, the world has gone loco for all things coco.

However, after news broke that coconut oil could actually be *bad* for our skin, we were keen to find out whether the same was true for our hair.

We called on Ross Charles, Owner of Ross Charles Hairdressing, to weigh in on the topic – and his verdict was seriously insightful.


Is coconut oil good or bad for our dry hair?

“People often use hair oils to moisten their hair, but I often say that when hair needs moisture, it is thirsty and needs a drink. In fact, oil and water don’t mix. Oil actually repels water and either pushes it out of the hair or stops it from getting into the hair.”

What exactly is coconut oil doing to our hair, then?

“If your hair has been damaged from over-processing from colour, or is weak and fragile, you need to get amino acids into the hair shaft, so definitely don’t want to coat your hair in oil.

“Hair oils – and especially coconut oil – tend to seep into every tiny hole in your hair shaft and disguise the real problem to act as a quick-fix; this won’t help your hair in the long-run and is one of the main reasons I advise against using oils in your hair.”

What should we be using to hydrate our hair instead?

“Instead of using oils to fight frizz, always use low PH products on your hair. This will keep the cuticle flatter, meaning less tangle. Tangled hair is often the cuticle scales of your hair interlocking with each other.

Use moisturising masks on a regular basis as an alternative to oils to really penetrate dry, damaged hair and begin a long-term treatment process to healthy, strong hair.”

Looks like we’ll be sticking to only using coconut oil for baking, then. Here are some moisturising masks you can use instead…

Source: glamourmagazine.co.uk

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Nigeria has lost US oil export market forever—Kachikwu

Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said Nigeria has forever lost United States of America, USA, as a significant crude export market.
Up until the early 2000s, the US was Nigeria’s top crude importer, buying around 700,000 b/d of the commodity from Africa’s biggest producer and climbed as high as 1.31 million b/d in February 2006, according to the US Energy Information Administration.

This volume has, however, been dropping since then, reaching zero import level by June 2015 following a surge in production of shale oil.

“That’s gone,” Kachikwu said at CERAWeek in Houston, USA.

CERAWeek conference continues outreach between the Organisation of the Petroleum Exporting Countries, OPEC, and shale producers.

Light sweet Nigerian crude is very similar to the light oil produced in US shale.

As US shale production has grown, the appetite for Nigerian crude in the US has dropped dramatically.

Nigerian crude is now favourite for the Asian markets led by India.

Nigeria’s oil output averaged 2.07 million in February, 20,000 b/d up from January, according to petroleum ministry estimates.

Source: vanguardngr.com

​OPEC’s oil price nightmare is coming true

The latest surge in U.S. oil output will probably hasten the country’s rise to the top of the producer pile. More important, it’s starting to look as though at least half of OPEC’s nightmare scenario for 2018 – a surge in shale output and slowdown in demand growth – is coming true.
Last week’s avalanche of releases from the U.S. Department of Energy showed daily oil production above 10 million barrels a day for the first time since 1970.


U.S. oil production probably hit new highs in the past two months, surpassing 1970

A massive week-on-week jump of 332,000 barrels a day must be treated with caution, though. U.S. drillers didn’t have a sudden rush of enthusiasm as WTI prices broke through a psychological $65 ceiling. Rather, the weekly data, which aren’t revised retrospectively, are catching up with monthly estimates that give a more accurate picture of output.

For much of last summer, the weekly data were heavily criticized for over-estimating U.S. output growth. Now, the reverse is true.

Assessments of the output in October and November based on the weekly data were about 370,000 barrels a day lower than the monthly figures, which are published with a two-month lag. There was probably a discrepancy too in December and January.

The production surge shown in the monthly data is unprecedented. Output rose by almost 850,000 barrels a day between August and November. It makes the first shale boom of 2014-15 look sluggish.

True, that growth rate probably wasn’t kept up through the winter’s cold snaps, but January’s average production rate will almost certainly turn out closer to the 10.25 million barrels a day in the DoE release than to the 9.86 million calculated from the weekly data.

What does this mean?

First, bragging rights. The U.S. is close to becoming the world’s largest producer of crude and condensate – a form of light oil extracted from gas fields – even if it’s not quite there yet. It’s pretty much level with Saudi Arabia’s combined output, itself boosted by condensates not included in headline production numbers, and is closing on Russia’s 10.95 million daily barrels. That could be passed by the end of the summer, according to Citigroup.

Heading for the Top

U.S. crude and condensate production is poised to overtake Saudi Arabia’s, and pass Russia’s before the end of 2018

Of course, size isn’t everything. Saudi Arabia and Russia export far more production than the U.S. is ever likely to. They’re also willing to cut supply to bolster the market. They brought about the recovery in prices on whose coattails the shale producers ride.

The second, and more important, consequence is that OPEC and friends’ worst fear has come to pass: rising crude prices are spurring a U.S. production revival. Their horror scenario is that this shale surge goes hand-in-hand with a slowdown in oil demand growth, triggered by the price rise.

Shale Hyperdrive

Monthly production figures have soared above estimates based on weekly data since September.

There’s little sign of that happening yet. Economic forecasts remain strong and that ought to underpin another big increase in the thirst for oil this year. But any signs of global demand growth falling below the 1.53 million barrels a day OPEC forecast could cause ministers some sleepless nights. Both OPEC and the International Energy Agency will publish updated forecasts this week and the IEA already sees growth slowing, as higher crude prices work their way through to consumers. The other half of the nightmare is looming. (Bloomberg)

Source News Express

Nigeria in deep trouble as US ready to become world’s biggest Oil Producer

The United States will overtake Russia as the world’s biggest oil producer, if not this year, but by 2019 at the latest, the International Energy Agency (IEA) has declared. This was even as US oil imports dropped to its lowest level since 2001.

IEA Executive Director, Fatih Birol, said this at an event in Tokyo that United States would overtake Russia as the biggest crude oil producer “definitely next year”, if not this year.

This development may not augur well for Nigeria as US remained its second biggest customer coming after India.

According to the 2017 third-quarter report for oil exports, in terms of export destinations, India (19 per cent) remains Nigeria’s most important crude oil buyer, with US following with (15 per cent). The US, in the period under review, increased its crude imports from Nigeria by 66 per cent.

“US shale growth is very strong, the pace is very strong. The United States will become the No. 1 oil producer some time very soon,” Birol said.

US crude oil output rose above 10 million barrels per day (bpd) late last year for the first time since the 1970s, overtaking top oil exporter, Saudi Arabia.

The US Energy Information Administration said early this month that US output would exceed 11 million bpd by late 2018. That would take it past top producer, Russia, which pumps just below that mark.

Birol said he did not see US oil production peaking before 2020, and that he did not expect a decline in the next four to five years.

The soaring US production is upending global oil markets, coming at a time when other major producers – including Russia and members of the Middle East-dominated Organisation of the Petroleum Exporting Countries (OPEC) – have been withholding output to prop up prices.

US oil is also increasingly being exported, including to the world’s biggest and fastest growing markets in Asia, eating away at OPEC and Russian market share.

Meanwhile, US net imports of crude oil fell last week by 1.6 million bpd to 4.98 million bpd, the lowest level since the EIA started recording the data in 2001, reflecting further erosion in a market OPEC has been relying on for decades.

Source: herald.ng

​N96 Trillion Oil Revenue: How Nigeria short-changed oil producing areas

*Deprived of N36 trillion derivation, got only N12.3 trillion

*2500 killed in 25years

*No derivation from Gowon, Murtala/Obasanjo regimes

*Why Niger Delta region, others want restructuring, resource control

LAST week, we published the first part of our exclusive story on how much Nigeria earned from crude oil since exploitation started in 1958 at Oloibiri, in present day Bayelsa State, and June 2016.

Today, we serve you the concluding part of the story detailing how the oil producing areas have been short-changed in the sharing of the N96.212 trillion crude oil earnings, effects of oil exploitation and why calls for restructuring, resource control and fiscal federalism are unceasing.

Of the N96.212 trillion, which accounts for about 80 per cent of the country’s federal revenue, only N12.3 trillion has been paid to the oil producing areas as derivation.

The figure is N35.848 trillion less than the N48.106 trillion the oil-bearing regions should have got as derivation if 50 per cent derivation had not been jettisoned few years after crude oil became the chief revenue earner.

The First Republic civilian administration of Sir Abubakar Tafawa Balewa (1960-1965) was faithful with the 50 per cent derivation principle. Of the N91.4 million crude oil earning of the period, it paid N45.7 million derivation.

A derivation of N11.5 million was also paid during the General John Thomas Aguiyi-Ironsi military regime of January to July 1966.

Thereafter, the oil producing areas got no derivation for a period of 14 years (1967 to 1981) during the first oil boom era of the 1970’s under the Generals Yakubu Gowon and Murtala Mohammed/Olusegun Obasanjo military regimes.

Among the over 13 administrations/regimes that have ruled the country since 1960, former President Goodluck Jonathan, paid N6.63 trillion derivation, the highest and more than 50 per cent of the N12.3 trillion paid so far to the oil producing areas (see table) – although it should be stated that the Jonathan administration got the largest chunk of revenue from crude sales (N51trillion)

However, the huge earnings since 1958, arguably, have translated to little or no improvement on the welfare of the citizenry, especially the people of the oil producing areas, whose environment – land, water and air – has been adversely contaminated and, in many cases, devastated and polluted.

Effects of oil exploitation

In the last 25 years, about 2,500 persons have been killed in pipeline-related explosions and accidents in the region. Indeed, a World Bank report warns that 40 per cent of habitable terrain in the Niger Delta area would disappear in 20 years if strong-willed re-mediation was not carried out. And the Federal Government admitted that more than 40,000 oil spills had occurred in the past 58 years of oil exploration.

In the report, the World Bank claimed that the palm groves, shorelines, creeks and other habitable areas would be washed away by erosion as well as spills due to vandalism, system failure and crude oil theft.

Apart from effects of oil spills, gas flaring constitutes a veritable hazard. It causes acid rain which acidifies the lakes and streams and damages crops and vegetation. It reduces farm yields and harms human health; increases the risk of respiratory illnesses, asthma and cancer and often causes chronic bronchitis, decreased lung function, blindness, impotence, miscarriages and premature deaths.

Constant heat and the absence of darkness in some communities have done incalculable damage to human, animal and plant life in affected areas. Gas flares also cause affected places to be covered in thick soot, making even rain water unsafe for drinking.

A United Nations Environment Programme (UNEP) report, in 2011, criticised how the Shell Petroleum Development Company (SPDC) deals with the environmental damage it has caused in the Niger Delta, especially in Ogoniland. UNEP said Ogoniland needed the world’s largest ever oil clean-up, which would cost an initial $1billion or N160 billion and could take 30 years. The Administration of President Muhammadu Buhari has started the process of cleaning up Ogoniland but how far the clean up would go is a matter of conjecture. Mention is yet to be made of other affected communities.

Women deliver deformed babies, go barren

Special Adviser to President Muhammadu Buhari on Niger Delta Affairs and Co-ordinator of the Presidential Amnesty Programme, Brig-Gen Paul Boroh, rtd, raised the alarm, last month over the increasing trend of women giving birth to deformed children who look like dwarfs, while others have become barren and suffer stillbirth because of crude oil pollution in the troubled region.

Advising militants to stop bombing of oil facilities in the region, which he said had worsened the already bad situation, he said: ‘’There is information now that women in Niger Delta have started experiencing stillbirth, some of them cannot even take in normal anymore and even kids that they deliver these days are having biological issues. Some of them look like dwarfs.”

With oil revenue going down, whether or not the Ogoni clean-up will be done is to be seen. By projection, Nigeria currently crude oil reserves of about 37.2 billion barrels, which at the current rate of exploitation (2.2mbp) may be exhausted in the next 40 years unless new deposits are discovered.

Like most oil-bearing areas of the world, the Niger Delta has a tough terrain, which needs huge funds to be developed. Often times, oil producing areas are marshy or arid and most of the  is marshy. The devastation of the region has been attributed, among others, to pipeline vandalism and failures of policy in spite of the government’s efforts to pay special attention to the area.

Till date, no city in the region has been mapped out for a special development as the government did in Lagos and Abuja.

In 1958, before crude oil became a critical factor in Nigeria’s development, Sir Henry Willink’s Commission recommended that the Niger Delta region deserved special developmental attention by the Federal Government because of its difficult terrain.

In response, the government established the Niger Delta Development Board (NDDB) in 1960 to tackle the developmental needs of the region. The board in its seven years of existence achieved little or nothing. It was consumed by the military coup of 1966 and the outbreak of the civil war in 1967.

Before and shortly after Nigeria’s independence in 1960, the federating units (regions) retained 50 per cent of revenues derived from their areas and contributed the rest to the central pool. It was on this basis that the regional governments led by late Chief Obafemi Awolowo (West); Dr Nnamdi Azikiwe (East); Sir Ahmadu Bello (North) and later Dennis Osadebey (Mid-West) unleashed unparalleled development in their respective areas.

However, the 50 per cent derivation principle was kicked aside by the military in 1967 as earnings from crude oil sky-rocketed. First, part of the proceeds was used to prosecute the Nigeria-Biafra civil war of 1967 to 1970. After the war, the military rulers refused to return to the status quo and chose to disburse funds to the states as they deemed fit.

Distorting Nigeria’s structure

In 1914, when the Southern and Northern protectorates were brought together by Lord Lugard, the North was just a protectorate without divisions. At independence in 1960, there were three regions – Northern, Eastern and Western.

In 1963, the civilian regime created a fourth region, Midwestern, out of the Western Region. Then Northern Region had 14 provinces; Western Region (7 provinces), Midwestern (2) and Eastern Region (12). In essence, the North had one region and 14 provinces while the South had three regions and 21 provinces.

However, things started tilting in favour of the North when in 1967, and by military fiat, the regions were replaced with 12 states; six in the North, and six in the South. All through the military era, series of state and local council creations were made such that by 1996, the North, which trailed the South in terms of number of regions, provinces and divisions, was further divided into 19 states (and, with the Federal Capital Territory, FCT, became 20 in a manner of speaking) and 414 local councils. Conversely, the South that had six states and 55 divisions in 1967 was divided into 17 states and 355 local councils.

The military funded the numerous states and local councils it created with oil money. The oil producing areas were short-changed in the series of state and councils creation sprees. With crumbs coming from the centre as allocation and their primary occupations – fishing and farming – inhibited by oil pollution, Niger Deltans embarked on vigorous agitation to save their lives and environment.

In response, the President Shehu Shagari Administration set up a Presidential Task Force (popularly known as the 1.5 per cent Committee) in 1980; and 1.5 per cent of the Federation Account was allocated to the Committee to tackle the developmental problems of the region. This committee could not achieve much. There were doubts if the government actually disbursed 1.5 per cent of the revenue to the committee. And most of the funds released were allegedly looted.

Discontent in the area was to continue. So, when General Ibrahim Badamasi Babangida came to power, he set up the Oil Mineral Producing Areas Commission (OMPADEC) in 1992 and allocated 3 per cent of federally collected oil revenue to it to address the needs of the areas. Like its forebears, the OMPADEC, which initially raised hopes, also failed to deliver as it perceptively became inefficient and corrupt.

When General Sani Abacha took over, he set up the Petroleum Trust Fund (PTF) headed by Major General Muhammadu Buhari (rtd). The PTF did not meet the yearnings of Niger Deltans as its mandate covered all parts of the country. With critics saying that the PTF carried out more projects in northern parts of the country, restiveness in the Niger Delta assumed a higher gear.

Abacha convened a National Constitutional Conference (NCC) in 1994, where conferees agreed on at least 13 per cent derivation. Abacha did not live to implement the recommendation. His successor, General Abdulsalami Abubakar, included it in the 1999 Constitution which he handed over to President Olusegun Obasanjo on May 29, 1999.

On his part, Obasanjo scrapped the PTF and established a special body, the Niger Delta Development Commission (NDDC), to undertake rapid development of the impoverished oil region. He foot-dragged on the payment of the 13 per cent derivation until the oil producing states got a court judgment, which forced him to pay the proceeds beginning from June 1999.

At the National Political Reforms Conference (NPRC) convened by Obasanjo in 2005, South-South delegates insisted on 25 per cent derivation and had to walk out on the gathering when the other parts of the country said they could not approve anything more than 18 per cent, which was later recommended. However, this recommendation did not see the light of the day and died with Obasanjo’s controversial third term ambition. And the agitation for enhanced welfare continued.

On succeeding Obasanjo, late President Umaru Musa Yar’Adua established the Ministry of Niger Delta Affairs, to offer more palliatives to the region. When militancy took the upswing in the area and knocked down oil production to about less than one million barrels per day, he also offered amnesty to the militants, a progamme that has gulped billions of Naira. President Goodluck Jonathan inherited and implemented the programme, which was meant to lapse in 2015.

However, a host of the ex-militants and new ones want the programme to continue and the Niger Delta area is turbo charged now with the militants on an unceasing bombing spree of critical national assets in the oil and gas sector with the attendant socio-economic drawback.

Looking at the situation, recently, former governor of Akwa Ibom State, Obong Victor Attah, said there is need to practice fiscal federalism with the federating units controlling their resources and making contributions to the centre. According to him, the fear of the oil producing areas is that other parts of the country would abandon the Niger Delta to swim in her inhabitable environment after exhausting the oil resources.

Crude oil earnings and derivation since 1958



1958 0.2 million

0.1 million

1959 3.4 million

1.7 million

1960 2.4 million

1.2 million

1961 17 million

8.5 million

1962 17 million

8.5 million

1963 10 million

5.0 million

1964 16 million

8.0 million

1965 29 million

14.5 million

1966 45 million

22.5 million

1967 30 million

15.0 million

1968 15 million


1969 75.4 million


1970 167 million


1971 510 million


1972 764 million


1973 1.016 Billion


1974 3.724 Billion


1975 4.272 Billion


1976 5.368 Billion


1977 6.081 Billion


1978 4.556 Billion


1979 8.881 Billion


1980 12.354 Billion ———————-

1981 8.564 Billion


1982 7.815 Billion

117.9 million

1983 7.253 Billion

108.795 million

1984 8.264 Billion

123.96 Million

1985 10.915 Billion 163.725 Million

1986 8.107 Billion

121.6 Million

1987 19.027 Billion 285.05 Million

1988 20.934 Billion 314.01 Million

1989 39.131 Billion 586.96 Million

1990 55.216 Billion 828.24 Million

1991 60.314 Billion 904.71 Million

1992 115.392 Billion 3.462 Billion

1993 106.192 Billion 3.204 Billion

1994 160.192 Billion 4.830 Billion

1995 324.548 Billion 9.736 Billion

1996 369.190 Billion 11.076 Billion

1997 416.811 Billion 12.504 Billion

1998 289.532 Billion 8.686 Billion

1999 500.00 Billion 32.5 Billion

2000 1.34 Trillion

174.23 Billion

2001 1.708 Trillion 221.91 Billion

2002 1.231 Trillion 160.017 Billion

2003 2.074 Trillion 269.659 Billion

2004 3.355 Trillion 436.124 Billion

2005 4.7624 Trillion 619.112 Billion

2006 6.109 Trillion 794.17 Billion

2007 6.70 Trillion

871 Billion

2008 3.96 Trillion

514.8 Billion

2009 2.225 Trillion 289.307 Billion

2010 9.15 Trillion

1.190 Trillion

2011 5.561Trillion

722.91 Billion

2012 12.5 Trillion

1.625 Trillion

2013 12.6 Trillion

1.638 Trillion

2014 11.891Trillion 1.546 Trillion

2015 6.945 Trillion 903.85 Billion

2016(June) 1.499 Trillion 194.87 Billion

TOTAL 96.212 Trillion 12.258 Trillion.

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  4. Source: Vanguard

Buhari administration and People of Nigeria Suffering!

Written By Rotimi Fasan
There are actually very concrete ways to

measure the increasing cost of living in Nigeria

which in turn explains why Nigerians are

increasingly disenchanted with the Muhammadu

Buhari administration. A simple way to go about

this is to measure how the cost of common

household goods and foodstuffs have either

tripled or quadrupled in the last six months or


An example is rice, a

Nigerian staple that

the country invariably

imports from wherever

it could be found. It

isn’t that Nigeria does

not produce rice at all.

But as we’ve never

really paid more than

lip service to local

production of rice,

what we produce does

not amount to much

given our rate of consumption. In addition to

that, the local varieties of rice available are of

incredibly low grade even when we tend to make

a fetish of one or two highly rated varieties that

the people have to pay so much to buy owing to

limited supply. And so we pay N19, 000 now for

a 50kgs bag of rice that was N8, 000 last


Until about two months ago Nigerians couldn’t

find tomatoes to buy in the market. Where they

were available they were simply unaffordable to

the average consumer. All kinds of excuses,

ranging from the logical, the merely speculative

to the outright stupid, were proffered for the

scarcity. It was clear that we were in a state of

emergency but we all soldiered on stoically until

the situation gradually started turning around.

While some said the problem was caused by the

scarcity of dollars, or simply the incompetence

of the Buhari administration and its inability to

grapple with simple problems, others said the

scarcity of tomato was the outcome of the

despoliation of farmlands by Fulani herdsmen.

But many settled for the tale of a virulent

disease that had taken over our tomato farms in

the last two years. What they did not and

probably could not satisfactorily explain was why

the tomato disease should suddenly become a

problem at the time it did. Even less explainable

is why tomato is again available in the market

even when nobody has told us that the disease

allegedly ravaging tomato farms has been


As it is with rice and tomatoes, so it has been

with other household goods and food items that

have gone out of the reach of Nigerians. A

people who have to pay more for electricity

(never mind the baloney by the government

ordering electricity companies to cut down their

tariffs) even when they spend a sizeable chunk

of their income to buy fuel to power their

generators cannot but be disenchanted.

Kerosene which the vast majority of Nigerians

use costs a lot more today than at any time in

the distant or recent past. Many have resorted to

alternative means of procuring energy that are

mostly harmful to their environment. Even when

people continue to bear the pain in silence it

does not look like there would be any respite any

time soon. Businesses are down and profit is

low. Companies are laying off workers and those

in government employ are not being paid their

salaries for many months at a time. More than 30

state governments in the country are unable to

pay salaries in spite of bail-out from Abuja.

There is a clear link between the increasing cost

of living and the steep drop in the price of oil in

the international market. Even the unborn know

that oil is the mainstay of the Nigerian economy.

It is the be-all and end-all of our survival as a

people, by far the main source of revenue for the

country. But in the last one and half year the

price of oil has continued to drop without

anything in sight to suggest a serious

improvement in the state of things. The little rise

in the price of the commodity in the last few

weeks has done nothing to raise hope in any

meaningful way. If anything it is a timely

reminder that our days of dependence on oil are

at an end. Not with the complication that has

been brought into the matter by mushrooming

groups of militants in different parts of the Niger

Delta. These mostly self-seeking groups causing

mayhem in the name of fighting for the survival

of the region have all but destroyed the

country’s capacity to make even modest income

from oil. Pipelines are being vandalized at a rate

that has left our economy gasping for breath.

With this state of social, economic and political

insecurity can it be any surprise that Nigerians

are increasingly impatient waiting for the change

promised them by a Buhari government that

anchored its campaign on the provision of

security? Can the people be blamed for venting

their anger at the failure or inability of

government to ameliorate their pain?

But does the justifiable anger of the people

mean that they made a mistake voting out the

inept government led by Goodluck Jonathan in

last year’s election? Or does the criticism of the

Buhari administration by some of those who had

supported it to victory mean an expression of

national regret in kicking out the corrupt

Jonathan administration? Where did any one of

those supporters of the Jonathan administration

now rearing their head to gloat foolishly at critics

of the Buhari government hear that calling for

the end of the Jonathan administration mean

unquestioning acceptance of whatever is offered

by the successor administration of Buhari, or a

suspension of our right to criticize what could be

wrong with the new administration? But that is

the nonsense that the Jonathanphiles would

want us to believe because it was the kind of

blind allegiance that they demonstrated to that

excuse of an administration.

For the avoidance of doubt, let those who have

forgotten be reminded that the situation Nigeria

finds itself today, a state of social and economic

insecurity and political instability, was brought

upon it by the Jonathan administration. The

corrupt legacy of that administration would take

a very long time to clear off and no amount of

wishful thinking and false attempt at

rehabilitating Jonathan can remove from the fact

that his administration made so much money

from oil sales but failed signally to save for the

future of this country. In being disenchanted with

this government and criticizing Buhari what

Nigerians are saying is that the administration

does not have eternity to bring about the change

it promised them. What they are saying is that

this government should double down to the

immediate task of bringing economic and social

relief to the people. Otherwise, they know the

source of their trouble: that the rain started to

beat them under Goodluck Jonathan.

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​Buhari orders NNPC to commence oil exploration in Benue trough

President Muhammadu Buhari has ordered the Nigerian National Petroleum Corporation, NNPC, to commence the search for crude oil and other hydrocarbon exploratory activities in the Benue Trough.

According to a statement by the NNPC, Group Managing Director of the NNPC, Mr. Maikaniti Baru, disclosed this while receiving a delegation from the Benue State Government, who paid him a courtesy visit in Abuja.

This is coming few days after the same directive was given to the NNPC to intensify crude oil exploration in the Chad basin.

The Benue Trough is a major geological formation underlying a large part of Nigeria, extending about 1,000 kilometer north-east from the Bight of Benin to Lake Chad. It is part of the broader Central African Rift System.

Baru stated that the directive to commence exploratory activities in the Benue Trough was part of efforts to guarantee energy security of the country.

In addition, the NNPC also stated that it has reinvigorated its collaboration with the Benue State Government on the Ethanol project which is geared towards production of biofuels for energy sufficiency.

Baru noted that ethanol when blended with Premium Motor Spirit, PMS, otherwise known as petrol, ensures excellent performance of vehicles, stressing that energy sufficiency and proficiency were part of the cardinal objectives of the NNPC.

The NNPC added that it has initiated a renewable energy programme in August 2005 which is in conformity with the Kyoto Protocol agreement to which Nigeria is a signatory.

The primary aim of the programme, according to the NNPC, is to link the agricultural sector with the oil and gas industry, adding that it is also targeted at gradually reducing the nation’s dependence on imported gasoline, reducing environmental pollution as a result of consumption of wholesale fossil fuel as well as creating a commercially viable industry that can boast of sustainable domestic jobs.

“A similar programme in Brazil has a thriving biofuels industry providing quantum economic benefits including creation of hundreds of thousands of employment opportunities for nationals of that country,” the NNPC noted.

Also speaking, leader of the Benue State delegation, Mr. Terwase Orbunde, commended the NNPC for resolving the recent fuel supply challenges and pledged the readiness of the state government to support the quick take-off of the Ethanol project, adding that the project would generate jobs for Nigerians.

Orbunde assured the NNPC of full support and cooperation from the State Government and the host communities, stressing that the State Government fully identifies with the energy policy of the Federal Government.

The Benue trough, according to Wikipedia, has its southern limit at the northern boundary of the Niger Delta, where it dips down and is overlaid with Tertiary and more recent sediments. It extends in a northeasterly direction to the Chad Basin, and is about 150 kilometer wide.

The trough is arbitrarily divided into lower, middle and upper regions, and the upper region is further divided into the Gongola and Yola arms.

The Anambra Basin in the west of the lower region is more recent than the rest of the trough, being formed during a later period of compression, but is considered part of the formation.

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  4. Source: Vanguard