1.9trn for refinery, worth it.. + the time frame, perfect

Brb

slimmytimmy:
Hmmm

scam

Thunder fire you, thief

Do we have engineers in Nigeria . At best we have some engineers of Nigerian origin . Let's award the contract to a Nigerian firm that has a Joint Venture Contract with a solid foreign engineering firm . Presenting a low budget sum is not the matter , carrying out the job and delivering best standard work in the end is the main thing .

I pray and hope the federal government will see reason to consider my company bid for this contract , so that we can show the stuff we are made of . Service to humanity remain our motto .

Why can't we just build new refineries? The ones we have are too old and consume too much space.

Watever my own is for d refineries to work latex Dec 15 nothing else.

Funds may not be actualized before the stipulated time which the foreign contractors gave us which makes it the best option.
This is how I think it'll work :

The understanding that these three refineries will be in shape within a period of one year will definitely lift some financial burden of the country's shoulder.

It took over 7 years to reconcile the excess of the first contractors bid and gross, this is also a term which can be used to engage these foreign contractors

Not even up 2d amount corrupt pdpians embezzle in a month. It wiLl create numerous job opportunities though.
SAI CHANGEY
SAI APC
SAI BUHARI
SAI NIGERIA

calebo101:
Just privatize the refineries and let government only regulate it. I'm not for government owning anything. They have never managed anything from NITEL, NEPA, NPA, AIRWAYS, etc.

The Bureaucratic operational methods in Government circles wouldn't make them achieve anything unlike private firms who takes their investment serious. Just as we have MTN, ETISALAT, AIRTEL, and GLO all competing fairly in the market pushing down prices so will it be in years time if we can successfully privatize NNPC to the right hands.

exactly. Nigerian refineries should be left in the hands of private investors.

calebo101:
Just privatize the refineries and let government only regulate it. I'm not for government owning anything. They have never managed anything from NITEL, NEPA, NPA, AIRWAYS, etc.

The Bureaucratic operational methods in Government circles wouldn't make them achieve anything unlike private firms who takes their investment serious. Just as we have MTN, ETISALAT, AIRTEL, and GLO all competing fairly in the market pushing down prices so will it be in years time if we can successfully privatize NNPC to the right hands.

these companies u referred to were never started by Government, that must be responsible for their success.check d records of all Government owned establishment that were privatise and show me any That's better than when it was managed with Government money.start from transcorp to d newly acquired power generation, transmission and distribution, could u say they have all fare better?

Sirniyeh:
Foreign Engineers billed for N288billions and promised to execute within a year while Nigeria Engineers to collect N99billions with no specific time-frame

How do you reconcile this with the title?

We don't need government investment in oil sector again, it is fraudulent

since the country is broke, GMB should award the contract to local firms.If anything goes wrong or we run into delays the company can be probed, aside that its time we keep these monies in the local economy, awarding it to foreign Cos will amount to capital flight.Thats the last thing we need rigth now. The local firms must be competent hands.Lets look inwards.

What of all the Abacha loot? Why has that not been channeled into repairing these refineries?

This is an excuse not to fix the refineries. Why did NNPC allow the refineries to break down to the point that billions of naira would be required to fix it and why were new refineries not built?

Awon WERE!

*laughs in subsidy payments*

Its a chicken change not to be contemplated on before intiating the project we are awake from our slumber ok??

dustydee:

How do you reconcile this with the title?

Half-half nah! Half from foreign contractors and half from local. Nigerian journalism is mediocre!

They are just waking up!

bushdoc9919:
Wonder why the contract was not awarded all this time?

Ah well.....Nigerians!

Modified....They say.....We do not have the money! What do you know!



N140 for a liter of fuel

N170 in my area sir

So which of the engineers should we give the contract. Nigerian engineers will collect less but no time frame to complete the job why the foreign ones want loads of cash with a time frame. What a delimma?

This is less than 10 percent of 2 trillion...... Thank God for change

Privatize. Do not spend any money to repair anything at least not now. NNPC should be preparing hand over notes, not making big decisions now when they had 6 yrs to do so. Sell those refineries to private companies and allow private companies rights to petroleum refinement. However I suspect govt officials including the incoming administration will do everything possible to keep the juicy petroleum sectors within their purview

I thought smebori said our refineries cant work because of "d cabal" or have dey all died??who's deceiving who?time 2play last minute saint i guess.its 2late 2cry when d head is cutoff

Op i saw this same piece last year, stop feeding us stale news.

What is the big deal in refinery?
The main component that determines the yield is the Fluid Catalytic Cracking Unit which requires a catalyst to converted petroleum to petrol, kerosene, etc.

This catalyst can be ordered online. Catalysts that produce better yield cost more.

Let tertiary institutions be given projects to build refineries.

Good move. They should go ahead but using the foreign contractors. Local contractors will keep on demanding for contract reviews till it runs into billions of naira. Knowing fully that they have their collaborators(god fathers) to shield them frorosecution.

For were?We no gree they should better not dear it another chip trick to embezzled 99B!Haha 4 goodness sake why is it that this Jonah led gvt r nt better of in doing anything good than plotting how to ruin 9ja Gabadaya?Why can't you guyz turn a blind eye to diz project and spare yourselves further embarrasment.That should be the starting point for the incoming gvt.Awon Ole they just want to empty the whole 9ja treasury before they finally hand over.ITT I. Fella anikulapo kuti my role model,Ologundudu my epitome!!!The one above me has a reasonable thing to contribute Asap.