The Federal Government needs about $500m to fix the nation’s crude oil refineries which have all been shut down.

This was said by the Group Managing Director of the Nigerian National Petroleum Corporation, Dr. Ibe Kachikwu, on Saturday at a forum organised by the Petroleum Club Lagos to celebrate his recent appointment as the NNPC GMD.



Kachikwu said the Port Harcourt Refinery, which was refining crude some weeks ago had stopped working, and had since been shut down.

Meanwhile the Warri and Kaduna refineries still remain shut.

Lamenting the state of the refineries, he said, “I was initially happy with the progress made at the Port Harcourt Refinery when it operated at 60 per cent capacity some weeks ago. But now, the capacity has dropped so low that we had to shut it down. We will need about $500m to fix them.”

He admitted that importation of petroleum products was not the solution to Nigeria’s problem, stressing that attention should be shifted from Nigerians wanting to get allocations for product importation to seeking ways to adding value to the system.

He said the NNPC had not dropped the idea of conducting forensic audit on its account books.

According to Kachikwu, the NNPC is currently talking with states to see how they can contribute towards driving the modular refining model.

Copyright PUNCH.

http://punchng.com/2015/11/4912

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coolestrogue APCSucks Emperortj93 Mizmycoli DebateNigeria Chukwudi44 and all patriots

propaganda is different from governance

ok

Chai Apc scam, they had claimed all refineries were back few weeks ago, i bow for this government

Another money is gonna fly out soon

And for d past 16yrs we had people in power oh.... wat a waste!

Nigeria is indeed in trying times

May God see us tru

APC is a party of shameless liars.

Money Dey CBN

So, what happened to the millions they supposedly saved from the "turn-around maintenance" a few months ago which the contemptible APC minions littered across Nairaland masturrbated to, in their typical sycophantic bellows? Has the money been squandered already?

Don't be surprised if another stray Sai Baba almajiri comes out here to blame GEJ. But interestingly, would turn around and praise Buhari for the previous gains we had in power generation (which have all come to a grinding halt, by the way, with the advent of the dry season). Desperate hypocrites and their glory hunt.

The hero promised to hit the ground running, but has yet to have a cabinet 6 months into his tenure. This situation is even more shocking considering the fact that this is a man who contested for the presidential office for 12 solid years.
You mean to tell us that all those periods he battled for the seat, starting from 2003, he had no freaking idea what he was supposed to do?
Did Buhari really contest to change the country or was it all an ego trip and the typical Fulani sense of entitlement that pushes them to battle for the presidential seat at all cost JUST BECAUSE?

6 months into this man's tenure and NOT ONE SINGLE BILL has been passed to the senate so far?

What a joke.

This is the same refinery Jonathan told us had already undergone turnaround maintenance and ready to start producing at 100percent capacity.

It was all cosmetics to portray the new government as a working govt.

Same with electricity...now we are back to normal position.

They should sell those scrap for Pete's sake.

Kenai:
So, what happened to the millions they supposedly saved from the "turn-around maintenance" a few months ago which the contemptible APC minions littered across Nairaland masturrbated to, in their typical sycophantic bellows? Has the money been squandered already?

Don't be surprised if another stray Sai Baba almajiri comes out here to blame GEJ. But interestingly, would turn around and praise Buhari for the previous gains we had in power generation (which have all come to a grinding halt, by the way, at the advent of the dry season). Desperate hypocrites and their glory hunt.

the nearly constant light we ave in my area of uyo is not from FG has been like this since akpabio got the ikot abasi pp firing 3 years ago. this apc govt is all.pix and noise no action

Boyolity:
This is the same refinery Jonathan told us had already undergone turnaround maintenance and ready to start producing at 100percent capacity.

In 2016 but the APC sychophants praised buhari for bringing them back to function...where are we now?

Thats the thing about trying to rule with propaganda,its a whole different ball game with being an opposition with propaganda.

and they are criticise diezeni for this,

We have the most honest and transparent gov't ever in our history in place right now.

Are we talking about the same refineries that was fixed by "Buhari's Body language"?

Djicemob:
In 2016 but the APC sychophants praised buhari for bringing them back to function...where are we now?

Thats the thing about trying to rule with propaganda,its a whole different ball game with being an opposition with propaganda.

show us where buhari took credit for them.

TonyeBarcanista:
Are we talking about the same refineries that was fixed by "Buhari's Body language"?

NO! The ones fixed by gej's spirit language. You all told us gej fixed them then .

hahaha! it stinks of corruption!

I thought APC said our refineries were working. Everytin APC boasted to have fixed body language on Buhari's Assumption in office is gradually fading and people are beginning to see through their lies and propaganda. From Power, to refinery, to economy, to even the fight against corruption, APC e-tout should tell buhari to start working

The time for propaganda is over, Reality is on the table.

APC all in a haste to claim undue glory put incompletely maintained plants in service and further worsening their state in the process.

They better get into partnership with renowned firms whose core business is refining and with refining chains across the globe and sell of these moribund plants

Boyolity:
This is the same refinery Jonathan told us had already undergone turnaround maintenance and ready to start producing at 100percent capacity.

well, can you link the article because i seem to remember them specifying the degrees to which each refinery was completed and none was at a hundred percent!

Sai bAAbba

This country is working VERY WELL

Yeye country!!!!.....where everybody is like zombie.
this country is better off in pieces

Those refineries wer still under repairs wen the present govt in a sharp publicity stunt forced them back thereby truncating the whole repair process just to gain cheap popularity

This development was predictable and predicted. When PDP and APC e-warriors were claiming credit for the return of refineries to full production a few months ago, I had this to say:

Anything you hear from NNPC should be taken with a pinch of salt. What makes me laugh is that at the heart of this story, I suspect APC & PDP e-warriors are both wrong. It's likely that the 4 refineries have not and will not make substantial increases in production but APC & PDP e-warriors are too eager to bask in what they think are accomplishments.

Stories that the refineries are back in or are approaching full production are not new. Yes, we do have increases in production every now and then but they are slight and are not sustainable. These stories tend to surface everytime there is a suggestion that the Govt is looking to privatise the refineries. They are a means of keeping the refineries in NNPC's hands by reassuring Nigerians that with a little work, the refineries will back functioning in full.

It's very simple really, when the refineries are back in full production, you won't need all these moonlight tales as you will feel the effect at the fuel station and in the value of the Naira.

https://www.nairaland.com/2496853/how-jonathan-transformed-refineries-setting/5#36538750

Boyolity:
This is the same refinery Jonathan told us had already undergone turnaround maintenance and ready to start producing at 100percent capacity.

How much did it cost gej govt.....billions
I listened to kachikwus screening..wen he said all refineries are almost at 70% completion.. Wat a propaganda... Load of lies
Now bk to ground zero with Apc......
Is Nigeria not cursed

Phame:
NO! The ones fixed by gej's spirit language. You all told us gej fixed them then .

shut up fool gej time frame stated 2016 as the year the refineries would resume production gradually after the completion of the turn around maintainance but your Daura President magician came and claimed to have done it a year ahead of schedule by plugging loopholes with his body odour

BraniacX:


[s]shut up fool gej time frame stated 2016 as the year the refineries would resume production gradually after the completion of the turn around maintainance but your Daura President magician came and claimed to have done it a year ahead of schedule by plugging loopholes with his body odour[/s]

speak english.

Phame:
speak english.

seriously? or maybe you should go back to school cos it can't get simpler than that