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Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 - Business (6) - Nairaland

Nairaland Forum / Nairaland / General / Business / Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 (28726 Views)

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Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 12:02am On Feb 12, 2021
LikeAking:


The Chinesee govt build and rent to the private guys.

Fund the industrial projects of the industralist.

Give dem subsidy to build,etc.

But they rarely run the biz.

If Naija govt immitate this system, our nations economy will boom.

Naija govt must invest in biz.

Our govts are only investing in construction.


Nigerian governments cannot do such. One reason is tribalism. What you suggest means Buhari led government builds a refinery and hands to Dangote and Fulani businessmen and when the next person enters, he does same to his people. Adapalm in Imo is in ruins going by your suggestion. Know it today, successive governments in Nigeria across all levels have proved their incompetence in running businesses. Mention ONE successful company that has been run by an arm of government in Nigeria for the past ten years? Also, Nigeria is broke to do such projects. Half of the budget is funded with loans of which a large part is focused on recurrent expenditure. Na that kind budget go build companies and projects and hand to private individuals aka crony capitalism?

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Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 12:07am On Feb 12, 2021
ibuildstuff:

Even the billionaire in Nigeria aren't solving these problems u mention, I can bet u that most of Nigeria billionaires are just into the oil sector n maybe food. very few are into other things.
How many billionaire clothing line do we have in Nigeria, our cloths are either aba made (Nigeria made which is inferior), okrika (fairly use), or brand new imported.
Apart from innoson, which has not even find his footing very well, how many billionaire car manufacturers do we have.
Nigeria rich men aren't smart jor, ones they have money, it's either school, filling station or one massive hotel, that's all they know.

One major reason for the lack of billionaires from other sectors is the inefficiency in the public sector. Most policies are not encouraging and the inconsistency in these policies affect business decisions. Another factor is economic growth. GDP growth rates in Nigeria has not exceeded 4% in the last six years meanwhile population rate has gone past same figure. The reality is that it is not possible to get billionaires from such environments. Compare Nigeria to Brazil or India, there are more billionaires in those countries largely due to economic growth. Unfortunately, we have not had same consistently. At the end of the day, we cannot entrepreneur the country to good governance. The quality of the public sector and her officials in Nigeria is very poor compared to other emerging nations.

https://www.nairaland.com/6390993/dont-relocate-billionaire-nigeria-fantasy

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Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Gerrard59(m): 12:11am On Feb 12, 2021
LikeAking:


Dem dey call renewables, Naija sef dey raise hand.

We no follow for that mata.

And we shouldnt support it.

I will never support Nigeria adopting renewables over fossils when the unemployment rate is above 50%, massive poverty, low industrialisation, sparse availability of electricity to a large number of people etc. No be us cause global warming thus, we cannot be held accountable to solve the problem.

Bring them coal and natural gas, Nigerians and her factories need cheap energy!

1 Like

Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Aconomist: 2:15am On Feb 12, 2021
tito44:
When this country divides, the refinery and Dangote's own will be nationalised
If you do that you will sink your countries. Nationalized refineries don't work in Nigeria-- look at NNPC. When will you stupid monkeys realize this?
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Aconomist: 2:18am On Feb 12, 2021
Reference:
3 years.... Must be a relatively small one, perhaps a modular design.
Do you believe him? Dangote said his Refinery would be done in 2018 --- now its 2021, and it isn't half complete. BUA's own wont be finished until 2026-2017. And 200,000 BPD is not a modular design.
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Aconomist: 2:22am On Feb 12, 2021
djon78:



In business its called benchmark;
Whatever your competitor does or any moves they make you copy and follow suit.

And BUA advantage is that two of them are from the same region and has the financial resources and government patronage to match Dangote deal for deal

Which is still better than an individual monopolising everything.
Southern business men should follow suit although they can't match the government patronage these two enjoys

It's not just government patronage. Southern business men are just not smart. Ibeto should be following these two into manufacturing. But all he wants to do is import import import like a stupid black monkey.

1 Like

Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Aconomist: 2:27am On Feb 12, 2021
SavageResponse:
Can they finish construction of this refinery in just over 2 years?
No, Nigerian businessmen always lie. Dangote said he would finish his in 2018. But it isn't half complete by 2021. Most of this refinery business is just a scam to get forex at a discounted rate.
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by morgstreme: 6:25am On Feb 12, 2021
tito44:
When this country divides, the refinery and Dangote's own will be nationalised

Let's see how your late WRETCHED illiterate father will divide this nation,from his 4ft shallow grave with the help of that hybrid unfortunate millstone god of his, Nnamdi COWARD Kanu.

Kitikpa lacha otu nne gi ebe ahu!
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Solatium(m): 9:02am On Feb 12, 2021
erico2k2:

your Father is Unstable



You see why I said you are unstable?
is only a lunatic that behaves the way you just did.
When I said you don't have anything upstairs to back up your claim of being a Social engineer "turned" a fluid Mechanic you were disputing my claim.
How many learned individual behaves the way you do and did?

It is easier to profile people like you and place you where you belong.

Fucking CASH MULE
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by erico2k2(m): 12:00pm On Feb 12, 2021
Solatium:




[s]You see why I said you are unstable?
is only a lunatic that behaves the way you just did.
When I said you don't have anything upstairs to back up your claim of being a Social engineer "turned" a fluid Mechanic you were disputing my claim.
How many learned individual behaves the way you do and did?

It is easier to profile people like you and place you where you belong.
[/s]
Fucking CASH MULE
your father is still Unstable
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by olarh(m): 12:38pm On Feb 12, 2021
A lot of people have wasted money on mini-importation just because they lack the basic. Mini-importation is an old lucrative business and up till now is still very relevant which can be called life changer. Several graduate would have being on the street but mini-importation have change the story.

You may have the idea on how to import but do not have marketing strategy which has caused you a lot of low sales or no sales, I mean how to reach potential customers that will buy their product. And these are mostly done suing advertising platforms such as facebook, google, twitter, instagram etc.

If you want to learn and stop wasting then here's opportunity

http://ddhub.com.ng/mini-importation-facebook-ad/
http://ddhub.com.ng/mini-importation-facebook-ad/

Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Solatium(m): 6:02pm On Feb 12, 2021
erico2k2:
your father is still Unstable



High grade lunatic.

Fucking CASH MULE
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by erico2k2(m): 9:01pm On Feb 12, 2021
Solatium:





High grade lunatic.


Fucking CASH MULE
Ur father still loser
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Coolgent(m): 12:08am On Feb 13, 2021
Dangote and BUA singlehandly increase price of cement to 4k
With monopoly and refineries expect fuel to reach 250 naira per litre
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by Solatium(m): 10:32am On Feb 13, 2021
erico2k2:
Ur father still loser


High grade lunatic.
Low grade mind.
Low IQ criminal.
Low Budget wannabe.

FUCKING CASH MULE
Re: Abdul Samad Rabiu: BUA Petroleum Refinery Ready In 2024 by erico2k2(m): 12:49pm On Feb 13, 2021
Solatium:




High grade lunatic.

Low grade mind.

Low IQ criminal.

Low Budget wannabe.


FUCKING CASH MULE
wasted space yourfather needs to search 4 who he offended

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