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Stats: 2,211,982 members, 4,829,145 topics. Date: Friday, 22 March 2019 at 07:32 PM
Ibe Kachikwu Shakes Baru At The Nigerian Economic Summit, Earlier Today / I Will Resign If Nigeria Continues To Import Petrol By 2019 – Kachikwu / Fashola, Amaechi, Ngige, Onu, Lai, Kachikwu Make Ministerial List - TheCable (2) (3) (4)
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by mapet: 8:04am On Mar 15, 2016|
We have a bunch of arrogantly ignorant folks here who hardly think or learn
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by mapet: 8:05am On Mar 15, 2016|
Stop selling a failed GEJ story, it won't work. You did not vote for Buhari, and we know your type (sponsored liar)
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by modath(f): 8:06am On Mar 15, 2016|
It's a sad situation!!
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by mapet: 8:06am On Mar 15, 2016|
In addition 2 major market waiting to be exploited are Gas and Petrochemicals
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by 989900: 8:14am On Mar 15, 2016|
“The way the refineries are configured right now, and until a full set of repairs and TAM are done, they are configured on the basis of 50 per cent of PMS and 50 per cent other products.
This is a whole lot of baloney!
1. We do not consume 40 million litres a day --- smuggling things.
2. If the refineries are configured at 50% PMS output, you will be getting 35-36 million litres of PMS (445,00 BARRELS=71 MILLION LITRES), and not 20 million litres. First time I'm hearing 50% PMS output . . . are you sure Kachikwu?
3. Problems are meant to be fixed; fix it -- we need solutions, not excuses.
4. Refined petroleum products accounts for roughly 40% of our forex demands -- it kills the Naira than anything else -- so, on the long run, is importation really cheaper?
5. Until we stop importation of refined products, I don't see any bright future for this country.
6. Have the oil cabals gotten to you sir?
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by peacengine(m): 8:19am On Mar 15, 2016|
Hahaha I know you have not bought fuel recently, send my greetings to your mummy and daddy. Don't be late for school..
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by maursatt: 8:26am On Mar 15, 2016|
You see the problems of this government, they just finished telling Nigerians that in 18 months time they will stop importation of PMS now they know that that is not fixable, the minister is now admitting before hand that it is not realizable come 18 months time.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by okoi001(m): 8:29am On Mar 15, 2016|
lol, they will soon come out with this news.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by ddeola: 8:31am On Mar 15, 2016|
We don hear but really, there's nothing like producing locally because it will benefit our economy better than just importing. If we can sustain it and improve power supply, it will become cheaper and our economy will be better still.
I say NO to importation of petroleum products
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by JuanDeDios: 8:39am On Mar 15, 2016|
Sunofgod:Actually, imported rice IS currently cheaper and some people find it tastier. What needs to be done is to fix our business climate to make local rice competitive. Reacting emotionally like some of you are doing doesn't change the facts on ground.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Nobody: 8:40am On Mar 15, 2016|
What a lie, I am disappointed in kachikwu, never trust deltans to dot the right thing.
If refinering locally is that expensive why are they arresting people who build modular refineries. How can it be expensive if the refineries are sited close to the raw materials , raw materials are situated in the country and can be extracted in known wells.
How do you ship crude several thousand kilometers away to another country and think its cheaper and economical.
It doesnt make economic sense, importing from another country, fueling their economies at the expense of ours, this guy has proven beyond reasonable doubt that the present administration is incompetent, lacks focus and does not mean well for the country.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Nobody: 8:43am On Mar 15, 2016|
Even the so called PMS we have is limited to one octane range which is 87, we dont have higher ranges like 91, 95 which some of these modern cars the politheifcians drive, these cars need to be run on high octane fuels if not the engines fails with time.
So called octane boosters is just alcohol it does no good for these cars, owners of passat,audi, bmw etc will understand what i mean.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Leke001: 8:44am On Mar 15, 2016|
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Lawalight: 8:48am On Mar 15, 2016|
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|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by jeak123(m): 9:06am On Mar 15, 2016|
The minister in saying that it is cheaper to import than produce in Nigeria has failed. How can importation at this time of lean foreign exchange be better than producing at home. I think some of our leaders doesn't seem to understand how the economy is faring. What is he doing to ensure that the anomaly is corrected. We keep hearing that new refineries are on the way but when will they come on stream, no one seem to know. Instead of destroying illegal refineries in the creeks, the government should call those in the creeks with these refineries and work out modalities at ensuring that crude oil is made available to them while the government regulates their operations and I think, it will go a long way in reducing the rate of oil theft, create jobs for the teeming youths of these areas as well as help in conserving our scarce forex.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Reference(m): 9:15am On Mar 15, 2016|
Na. Reality has gotten to him....sure wish it could get to you. A change of President is not a change of basic fundamentals of free market. Nigerians are capitalist by nature. Government should know this and exploit it.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by MIM77(m): 10:12am On Mar 15, 2016|
You are very correct! He said for now, importation is more expensive than refining locally. The 18 months time span he earlier gave for the stoppage of importation of refined pms means that something will be done between now and then to be able to have a cheaper refining capacity. Lets pray that they get it right instead of wailing at the sight of a misleading headline without going through the content.[color=#000099][/color]
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by AZeD1(m): 10:15am On Mar 15, 2016|
After going through 5 pages of comments, i realised that less than 10 people actually read/understood what the minister said.
Sad day when English comprehension is a problem for Nigerians.
For those who don't under English,
The minister talk say as of today, it dey cheaper make we dey buy petrol from outside until we repair all dem refineries.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by MIM77(m): 10:16am On Mar 15, 2016|
keep expecting series of shock. Nigeria will be great by the grace of God.[color=#000099][/color]
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by babysophie(f): 10:18am On Mar 15, 2016|
crownwealth:Nice post,to add it up. D military nw run d local refineries n bomb d ones belonging to civilians.
1 Like 1 Share
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Reference(m): 10:22am On Mar 15, 2016|
If you want grass-roots refineries our unschooled youths are doing it. If you want industrial refining Dangote has taken the bait. The government just has to remove its tattered jersey and don the garb of an umpire. Sell the refineries as they are. The vast majority of Nigerians have been buying gasoline for upwards of 120 naira for close to a year now. This to me is the realistic price and enough incentive to build private enterprise. It can only get better.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by free13: 10:35am On Mar 15, 2016|
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Reference(m): 10:35am On Mar 15, 2016|
Hahahaha....you will. The market is hot All you need is the environment of free market. Government needs to just hands off. If the government wants to drill oil, fine. But refine? Mbanu. Forty years of failure equals madness if continued. There is no big deal about refineries.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by piagetskinner(m): 10:44am On Mar 15, 2016|
Y do these people keep on making contradictory statements.... Abi n'a the handiwork of journalists?
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by Reference(m): 10:48am On Mar 15, 2016|
Take time oh. After using us ignoramuses to get into power, you dey yab us now say we be dundee wey no get brain. I no like politik talk so make I no show how you take toast us with oyel boku boku talk. Which one come be explanation.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by chinchum: 10:52am On Mar 15, 2016|
Reference:If you read my post, i believe i share same thought. I think govt should get partners to set up new refineries, a form of public private partnership. It can be fully privatised down the line, once we have other private refineries functioning. Government has failed in every of its business endeavour. I am also of the view pipelines should be privatised, govt has failed to secure those pipelines.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by chinchum: 10:59am On Mar 15, 2016|
You understand the problem here perfectly. Many of those who comment read only the headlines, and it is always evident with their comments. it is really shameful, if you cant read the body of the message, there should be no point making comments.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by mapet: 12:22pm On Mar 15, 2016|
I think you have mistakenly reference me here
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by yaki84: 12:54pm On Mar 15, 2016|
gej wanted to privatise it, d union leaders sensing that they will lose their looting avenue ran to apc the opposition then n they were labelling jonathan all sort of names just to score cheap points.
the problem is not the system but people running the system in nigeria.
nnpc needs total overhauling, those refineries needs to be sold as scraps then use the money n build one good refinery. another thing abt buildng refinery shud be rightful location, siting it near the source of raw materials. in asamuch as I like what dangote is doing in buildng a new refinery but I think the cost of laying those pipes n protection of those pipelines will be another bottleneck that will scuttle d success of that facility.
refineries shud be built close to its source of raw materials, rail tracks laid to link major cities to aid in evacuating the products not still laying pipelines that is prone to vandalism n sabotage.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by yaki84: 1:15pm On Mar 15, 2016|
yea he spoke d truth, but in an hopeless situation u must be economical with the truth.
he would hv still stood by the 18months time the situation will be improve than saying this.
u know I dont blame d man but buhari that still reason like my granny who will never want to dispose her dysfunctional transistor radio because she bought it with her first salary.
ibe kachikwu advised buhari that the 4 refineries be sold but he refused.
the way d refineries r, the whole system is awkward n nigeria will lose even if it works at optimu point. the pipelines will be paid to secured, which will be paid by the people running the refineries. n if the pipelines r bad, crude will be transported via trucks or vessels to the refineries which is another huge cost. so at d end of the day nigeria will lose instead of making profit.
the best thing now is sell it off, build one that can refine up to 700k barrels a day, n site it close to the source of raw material so much pipelaying will not be needed threr by serving not just cost but also vandals from having access to do their IT. industrial attachment.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by jogojogo: 1:20pm On Mar 15, 2016|
Sorry man! Do you have comprehension problem or you just want to gush out rubbish in the name of wild critisism?
Should I just assume you did not read the write up? Unfortunately, you still have some slow minds clicking "like". I wonder how someone who could read and comprehend "like" the rubbish you posted.
|Re: It’s Cheaper To Import Petrol Than Refine Locally — Kachikwu by yaki84: 1:33pm On Mar 15, 2016|
bobo kachikwu messed up bigtime. what is at d moment?
where u not here when apc were celebrating billions of naira saved from turn around maintenance lastyear september or so n nigerians from apc extraction said it was buhari's bbody language?
how many times will they be doing TAM of refineries?
what the statement implies is that ibe kachikwu lied to nigerians when he firat said the fed govt saved billions of naira from TAM, 3weeks later that same man ibe told nigerians the nation needs between 300million to 500million dollars to effectively do a total TAM. these guys r liars n shud be shown d wah out asap.
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