TonyeBarcanista:

NNPC lost N111.598billion between the months of July and August. Only God know our loss of June and September. I wonder what would have been the reaction of our brothers in the APC if these period was peresided over by Dr Goodluck Jonathan and PDP. Someone would have shouted "missing money".

On the state of the refinery, I have always maintained that no nation can be governed via propaganda. Is it not the same APC that was lying to Nigerians that the whole thing is stable even when presented with facts that showed the opposite? Anyway, we have a serious task as a country and I hope the incoming economic managers get things right.

obailala:
A clueless leader right?

I can bet you that in the administration of all the past Nigerian leaders, including and especially during the reign of your hero GEJ, NNPC and the FG could not even account for how much they were losing. Yet you think they were 'clue-full' and this administration clueless?

Routine losses from oil theft alone in the last 5 years stood at a staggering 400,000 barrels per day (appx $40million per day). If you do the maths for a period of 8months, that amounts to approximately 1.9Trillion; and this is from crude theft alone, not even mentioning every other gaping financial holes the NNPC under other administrations were known for. Yet someone thinks they were 'clue-full' and this administration clueless?

What we have here is simply a leadership which for the first time in Nigeria's history, now infuses financial accountability and transparency in its dealings. For the first time, someone is now making efforts to estimate and publish the estimated losses from the inefficiency in the system.

A wise man knows the first step in solving a lingeting problem is to first define and quantify its extent. But unfortunately, someone who appears to be possessed with the spirit of non-discernment thinks this sort of approach is a sign of cluelessness?

TonyeBarcanista:

NNPC lost N111.598billion between the months of July and August. Only God know our loss of June and September. I wonder what would have been the reaction of our brothers in the APC if these period was peresided over by Dr Goodluck Jonathan and PDP. Someone would have shouted "missing money".

On the state of the refinery, I have always maintained that no nation can be governed via propaganda. Is it not the same APC that was lying to Nigerians that the whole thing is stable even when presented with facts that showed the opposite? Anyway, we have a serious task as a country and I hope the incoming economic managers get things right.

TonyeBarcanista:

NNPC lost N111.598billion between the months of July and August. Only God know our loss of June and September. I wonder what would have been the reaction of our brothers in the APC if these period was peresided over by Dr Goodluck Jonathan and PDP. Someone would have shouted "missing money".

On the state of the refinery, I have always maintained that no nation can be governed via propaganda. Is it not the same APC that was lying to Nigerians that the whole thing is stable even when presented with facts that showed the opposite? Anyway, we have a serious task as a country and I hope the incoming economic managers get things right.

CyberWolf:
Stop burying your head in the sand you fool ..Haven't you read where the GMD advised that the refinaries should be sold, but your kunu drunkard in Aso Rock said no? Sometimes you people are blinded with political are blinded by political sentiments that you reason from ur anvs

omonnakoda:
Your cancerous mother is a fool.Certainly her foolishness will lead her to a painful death. She will die like a pig in an open field

onatisi:
obj wanted to sell them,ppl said no. Nigerians like deceiving themselves and love hearing news about those refineries working at 30% capacity

omonnakoda:
And if you are a businessman would you buy loss making refineries.
It is important to comprehend information before responding to it. Are the refineries losing money because the government owns them or are there other reasons.
Firstly the refineries operate under a "SUBSIDY REGIME" and we are not provided with details or particulars of the Financial statements.
It may well be that the refineries are best run in the the private sector but that information is not present in the report we have read.
We cannot logically draw the conclusion after reading the report that the solution is privatization. Can the refineries be run at a profit by a private investor considering their age? How many more productive years are left in them?

The other notable fact about these refineries is their age.They are quite old and no sensible investor would buy them other than as scrap

obailala:
A[s] clueless leader right?

I can bet you that in the administration of all the past Nigerian leaders, including and especially during the reign of your hero GEJ, NNPC and the FG could not even account for how much they were losing. Yet you think they were 'clue-full' and this administration clueless?

Routine losses from oil theft alone in the last 5 years stood at a staggering 400,000 barrels per day (appx $40million per day). If you do the maths for a period of 8months, that amounts to approximately 1.9Trillion; and this is from crude theft alone, not even mentioning every other gaping financial holes the NNPC under other administrations were known for. Yet someone thinks they were 'clue-full' and this administration clueless?

What we have here is simply a leadership which for the first time in Nigeria's history, now infuses financial accountability and transparency in its dealings. For the first time, someone is now making efforts to estimate and publish the estimated losses from the inefficiency in the system.

A wise man knows the first step in solving a lingeting problem is to first define and quantify its extent. But unfortunately, someone who appears to be possessed with the spirit of non-discernment thinks this sort of approach is a sign of cluelessness?[/s]

sunnyb0b0:


No need to pontificate or adumbrate. Those refineries should be sold as scrap.

omonnakoda:

hello My Sunny!! How is your Ferrari? Are you still living large?

sunnyb0b0:


I don't own a Ferrari. Mistaken identity I guess

Sunnybobo3:




Dude, the difference between me and you is that while you work for your money, my money works for me. While you work for somebody, I have people working for me.

Deal with that.

You can join me again this morning. Oops I forgot you have a boss and should be at work this morning.

onatisi:
obj wanted to sell them,ppl said no. Nigerians like deceiving themselves and love hearing news about those refineries working at 30% capacity

Dannyset:

I think it's not that Nigerians don't know what they want, most of us don't really understand some of these things. It takes logical reasoning to explain to a layman that already believed govt is suffering them, to understand all these. When you tell them we need to sell for a proper production, then noise is the next thing you hear. That is why Education and Awareness is important.

tosyne2much:
Brother Barcanista

baralatie:
God Bless Nigeria!

TonyeBarcanista:

Well, I agree with you. That's why I've taken it a duty to breakdown these things in layman language.

omonnakoda:
Are you not the same Sunny who boasts about how you live large and hang out will Bill Gates sipping Courvoisier for breakfast

sunnyb0b0:


Not me but I do live large though

TonyeBarcanista:

It was Yar'adua that reversed Refinery sale...Though Baba Iyabo sold them to cronies. The blunt truth is that Nigerians don't know what they want.

prof1990:
Wailers will start blaming Buhari without realizing this was before he became president.

Madueke almost sold these country