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Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss (12967 Views)

N4.7bn Arms Funds Traced To Obanikoro, Fayose —EFCC / EFCC Investigates N6.7bn Transfer To Sambo Dasuki, Ita Ekpeyong After Poll / I Cannot Take Credit For The Revival Of The Refineries - President Buhari (2) (3) (4)

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Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by millionboi(m): 7:12am On Oct 19, 2015
Dis change is a chain......regrtin

1 Like

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by EasternLeopard: 7:13am On Oct 19, 2015
DaBullIT:
It's Monday morning,

Cant we have good news to start the day ?


You got what you voted for

CHANGE grin

3 Likes

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by Ilekeh(f): 7:13am On Oct 19, 2015
Obosiland:
release Nnamdi KANU .....buhari

No bytchh. That would be after we release Henry Okah

1 Like

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by Firefire(m): 7:14am On Oct 19, 2015
Liars!
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by godwinkessi: 7:14am On Oct 19, 2015
Lol
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by Akinola2543(m): 7:14am On Oct 19, 2015
Made front page on mai birthday dis a good sign dat am blessed. Abeg if u're happy for me like mai post to show it.

3 Likes

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by Nobody: 7:17am On Oct 19, 2015
They call me wailing wailer.
I call them lying liar.
I wail because I want good governance .
They lie because they have no conscience.

9 Likes

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by gurusvil(m): 7:20am On Oct 19, 2015
DlawTECHY:
That kind scam wey go happen for your eyes... Naso APC be... SCAM!!!!!!!

Why do many Nigerians find it difficult to read and comprehend. Please, kindly read the article carefully and reconsider your response.

1 Like

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by Charly68: 7:21am On Oct 19, 2015
What kind of management is that,within a month the corporation recorded over 31 billion naira loss .. Why not not sell it if they can not manage it..? As long as the saboteurs are kept in the system,there can't be headway...so sell it to private managers and let come and reform the place without any bias or sentiment ..
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by discusant: 7:21am On Oct 19, 2015
But change is what PMB was elected to make to improve any dysfunctional government agencies.

PMB was not elected for government agencies to be making complaints or showing us past and present failures like in this report.

2 Likes

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by godwin120alex: 7:25am On Oct 19, 2015
Don't no what to say but will ask which direction is our economy heading to ? Business are standing still and many more

1 Like

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by engineerboat(m): 7:25am On Oct 19, 2015
managermahmud:
How does the ineffective functioning of the refineries concerns the APC govt while the refineries have managements responsible for effective functioning of the refineries

which party is in power,
which party make spurious lies that the past govt is telling lies that nothing happen to the refineries,
which party say by june ending, by mid july, by early august our refinery will be fully functioning.

In as much as people will want progress for this country, but truth be told this APC govt is not ready for truth and serious government, while nt come out clean once. If you tell Nigeria true situation of things, they will be able to understand with you, but using LIES to cover LIES is a 'siting TIME-BOMB' waiting to explode at the fullness of time.

Good morning.

9 Likes

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by tartar9(m): 7:27am On Oct 19, 2015
wailers have suddenly transfered the blame to bihari,thought you said the refineries were jonathan's accomplishment after all the billions he spent.jonadàft is a curse!
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by discusant: 7:28am On Oct 19, 2015
Kaduna Refinery? When has it ever functioned well, talk less making profit for Nigeria?

Even the Japanese company, Chiyoda, which built Kaduna refinery expressed wonderment at how money could be wasted digging tunnel of close to 800 kilometres to transport crude oil from the delta in order to have a refinery in Kaduna.

7 Likes 2 Shares

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by greatiyk4u(m): 7:32am On Oct 19, 2015
ShowYourCertificate:
When I say APC is a scam, you guys thought I was joking.

APC said 20 billion dollars was missing. Now they are in government, we're yet to be told where the money is and who stole it.

APC said they'll defeat Boko Haram in two months. It's now 5 months and the killing continues. The Bring Back Our Girls Campaign has suddenly gone cold.

They said they'll fight corruption, yet they made Saraki senate president (directly or indirectly), chose Amaechi for minister, picked Timpre Sylva and Prince Audu Abubakar as governorship candidates for Bayelsa and Kogi respectively. iLaugh.

They said Buhari will declare his assets publicly. He filled the assets declaration form were he filled in details, his assets and that of his wife. Instead of publishing the assets declaration form like Yar Adua did, Buhari chose not to. Rather his spokeman chose to publicly declare a mud house and a landed property (which we don't even know it's location) and other vague things as Buhari's assets. The assets of Buhari's wife wasn't declared publicly. APC also promised that all Buhari's aides and ministers would declare their's but none has.

They claimed they've improved power supply but we're now in the dry season and power is dwindling.

They promised to create thousands of jobs every month but we're witnessing the opposite. Thousands of jobs are lost every month.

They promised free meals for pupils, 5K for the indigents and a raise in NYSC allowance. Nothing yet.

They claimed that our refineries are now working but Apapa is still congested with Fuel Tankers who come to lift imported fuel. So I wonder why Apapa should be congested with these Tankers since our refineries should be working.

The dollar is falling, revenue is falling, TSA is crippling our banks, our econony is crashing and the APC are busy partying and making merry.

I wail for Nigeria.


Shame on wialers......same pple dat said Buhari shldnt take glory 4 d "imaginary functioning refineries".....re now wailing cos d real situation has been exposed.
If u love Nigeria dat much dat u wnt PMB 2 achieved all doz tins u put up there in 5 months, where were u in d past 6yrs wen Mr. Clueless was joking wt d destiny of Nigerians?

God bless Nigeria

3 Likes

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by cole265(m): 7:33am On Oct 19, 2015
RichDad1:

Wailers take note.

Sincere9gerian:
19 Oct 2015

• FG lifted 166m barrels of crude in eight months, IOCs, NPDC, others 261.5m

Ejiofor Alike

Despite earlier claims of robust performance by the management of Nigeria’s three refineries in Port Harcourt, Warri and Kaduna, the refineries actually recorded average capacity utilisation of 10.04 per cent, according to the monthly financial and operations report of the Nigerian National Petroleum Corporation (NNPC) for January to August 2015, which was obtained exclusively by THISDAY.

The report corroborated the statement by the Group Managing Director of the state-run oil firm, Dr. Ibe Kachikwu, in recent weeks that contrary to claims by past management shortly after President Muhammadu Buhari assumed office, the refineries were operating at sub-optimal levels.

The Managing Director of the KadunaRefining and Petrochemical CompanyLimited (KPRC), Mr. Saidu Muhammed, had told THISDAY that the 110,000 barrels per day capacity plant was processing about 60,000 barrels of crude per day following the rehabilitation of two of the company’s production lines. Muhammed added that the company was on phased rehabilitation, with a target to hit 60 per cent of its local refining capacity, which is about two million litres daily.

“We are doing a lot at the moment to make sure that we achieve 80 per cent of refining capacity,” he said, stressing that the production level would hit 90 per cent by the second quarter of 2016.


They are blinded with tears and can't see
http://www.thisdaylive.com/articles/refineries-operated-at-10-capacity-in-august-recorded-n31-7bn-loss/223187/
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by Nobody: 7:35am On Oct 19, 2015
Lying is the forte of the new government..we should brace ourselves for more lies... grin grin

1 Like 1 Share

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by awa(m): 7:38am On Oct 19, 2015
managermahmud:
How does the ineffective functioning of the refineries concerns the APC govt while the refineries have managements responsible for effective functioning of the refineries

Mahmud, for your information by the time you win your SUG Presidential election come 2016 Insha Allah, the welfare of all the Student body becomes your responsibility whether there is SRC or the Judiciary arm or not.

Please if you know that you are going there with this mindset expressed above better drop your ambition now or I will make sure I storm IBB University to campaign against you.

Shekinaaaaaa.
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by discusant: 7:39am On Oct 19, 2015
Digging a most expensive tunnel in sub-Saharan Africa in order to have a refinery built in the north of Nigeria in Kaduna.

There is no amount of waste of scarce money which northern military rulers did not do.

But a metro transport system for Lagos which could have been first in sub-Saharan Africa was cancelled by northern leaders. They instead paid higher penalty fees to the contracting firm for the cancellation of the Lagos Metro system whose construction had advanced when Buhari struck with loyal troops into power.
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by Nobody: 7:41am On Oct 19, 2015
gurusvil:


Why do many Nigerians find it difficult to read and comprehend. Please, kindly read the article carefully and reconsider your response.
I don't think you understand.
these refineries has been undergoing TAM maintenance for sometime now and the former government based on the available report and the milestones achieved informed Nigerians that the refineries will come on stream by early 2016 but immediately this present government came to power they started making bogus claims which seem to suggest that the refineries are okay but it's the past government that doesn't want it to work.

2 Likes

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by Adminisher: 7:42am On Oct 19, 2015
ShowYourCertificate:
When I say APC is a scam, you guys thought I was joking.

APC said 20 billion dollars was missing. Now they are in government, we're yet to be told where the money is and who stole it.

APC said they'll defeat Boko Haram in two months. It's now 5 months and the killing continues. The Bring Back Our Girls Campaign has suddenly gone cold.

They said they'll fight corruption, yet they made Saraki senate president (directly or indirectly), chose Amaechi for minister, picked Timpre Sylva and Prince Audu Abubakar as governorship candidates for Bayelsa and Kogi respectively. iLaugh.

They said Buhari will declare his assets publicly. He filled the assets declaration form were he filled in details, his assets and that of his wife. Instead of publishing the assets declaration form like Yar Adua did, Buhari chose not to. Rather his spokeman chose to publicly declare a mud house and a landed property (which we don't even know it's location) and other vague things as Buhari's assets. The assets of Buhari's wife wasn't declared publicly. APC also promised that all Buhari's aides and ministers would declare their's but none has.

They claimed they've improved power supply but we're now in the dry season and power is dwindling.

They promised to create thousands of jobs every month but we're witnessing the opposite. Thousands of jobs are lost every month.

They promised free meals for pupils, 5K for the indigents and a raise in NYSC allowance. Nothing yet.

They claimed that our refineries are now working but Apapa is still congested with Fuel Tankers who come to lift imported fuel. So I wonder why Apapa should be congested with these Tankers since our refineries should be working.

The dollar is falling, revenue is falling, TSA is crippling our banks, our econony is crashing and the APC are busy partying and making merry.

I wail for Nigeria.

What exactly is the point of this rants?
You have just indicted the previous government in all you have said here. Buhari inherited the exact mess that Jonathan left. Some people were already praising Jonathan for the refinery refurbishment but here we are hearing that after spending more than $1bn , the refineries are not working?

You are just ranting rubbish?

The money that is missing has been proven . Even Akpabio a PDP Senator and ex Governor said the NNPC did not remit money for 7 months under Jonathan. Oshiomole also said so. You are either a liar and coward or both for not seeing this as a serious indictment. IF Oshiomole was part of the scam, was Akpabio also part of it?
I can sense from your post that you know what is right. You also know that PDP was very bad. Why you are calling APC a scam party is because Buhari did not solve within one hour what Jonathan and his female controllers destroyed in six years. So you need some sense of reality.

1 Like

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by IbokUtoroh(m): 7:46am On Oct 19, 2015
managermahmud:

The truth is naturally bitter, but this is the most foolish point of view I've seen on Nairaland this yearundecided
bros gej said the tam will be completed by 1st quarter of 2016 and by then refineries will be working at optimum. Buhari came in told his new puppet to announce to nigerians like u that the refineries are working and they saved billions of naira from the turnaround maintenance and bla bla bla, nigerians like ur type jumped to the street rejoicing, buhari's body language is working wonders... Apc fans were crediting buhari with the wonders, mocking pdp and gej who said the truth. You know what happens with lies, it is always sweet at the begining but can never be sustain cos once u start a defence with lies, u hv to sustain it with lies. No matter how u hide the truth, oneday it will pop out.
I once commented here, if the refineries are now working at optimum, how come we r still paying for subsidy? Not just paying for subsidy but paying for the same 40million litres acclaimed to be used by nigerians daily.

3 Likes

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by baralatie(m): 7:47am On Oct 19, 2015
RichDad1:
Saboteurs at work.
the age old saboteurs right from ibb to abdsalaam to obj to yar adua to gej now in pmb.
it is well!
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by Leyemoshood: 7:48am On Oct 19, 2015
Loss? angry


in other news,order your football jerseys
https://www.nairaland.com/2447345/2015-2016-new-jerseys-available/4
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by IbokUtoroh(m): 7:48am On Oct 19, 2015
DaBullIT:
It's Monday morning,
Cant we have good news to start the day ?
u mean good lies abi?
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by managermahmud: 7:49am On Oct 19, 2015
awa:


Mahmud, for your information by the time you win your SUG Presidential election come 2016 Insha Allah, the welfare of all the Student body becomes your responsibility whether there is SRC or the Judiciary arm or not.

Please if you know that you are going there with this mindset expressed above better drop your ambition now or I will make sure I storm IBB University to campaign against you.

Shekinaaaaaa.
Do u agree with me that there's difference btw APC govt and President of Nigeria?? They are both separate entities but are related to each other.
But meanwhile, If you put the blame on APC as a whole, it'll be unacceptable. Blaming the president also, is partially unacceptable because an expert in that field has been assigned to carry out such duties effectively. The president is not an expert in such field. However, evn USA do experience loss in other transactions not just oil, therefore, its normal. Any business that yield high profit also has high risk of maintenance.
Thanx
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by IbokUtoroh(m): 7:53am On Oct 19, 2015
greatiyk4u:



Shame on wialers......same pple dat said Buhari shldnt take glory 4 d "imaginary functioning refineries".....re now wailing cos d real situation has been exposed.
If u love Nigeria dat much dat u wnt PMB 2 achieved all doz tins u put up there in 5 months, where were u in d past 6yrs wen Mr. Clueless was joking wt d destiny of Nigerians?

God bless Nigeria
its wailers not wialers.
Quote me anywhere.

1 Like

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by sammyj: 7:55am On Oct 19, 2015
I beleive GEJ supporters will give this credit ti the clueless one! !!! angry angry
Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by DaBullIT(m): 7:58am On Oct 19, 2015
IbokUtoroh:

u mean good lies abi?

EasternLeopard:



You got what you voted for

CHANGE grin

I had hoped for mentions for people reasonable

It doesn't matter if it's good lies or good truth, Monday morning should be filled with good news

Furthermore I voted for change and i have no regrets, my point was that even if this was change's fault Nigerians need better news than everyday bad news

1 Like

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by IbokUtoroh(m): 8:04am On Oct 19, 2015
DaBullIT:




I had hoped for mentions for people reasonable

It doesn't matter if it's good lies or good truth, Monday morning should be filled with good news

Furthermore I voted for change and i have no regrets, my point was that even if this was change's fault Nigerians need better news than everyday bad news
i might not be reasonable but i can tell u, am much more better than u in all ramification.
So far apc is in power, what we will be hearing is good sweet lies, after some months the truth pop out.

1 Like

Re: Refineries Operated At 10% Capacity In August, Recorded N31.7bn Loss by onatisi(m): 8:05am On Oct 19, 2015
People go hear am in January when buhari finally unfolds his policies,many will regret the day they voted for apc

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