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Nairaland Forum / Nairaland / General / Politics / 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) (1382 Views)
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1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by cuteboy2: 8:33am On Nov 21, 2016 |
Guardian: [size=14pt]It’s worth five mini-refineries, say experts [/size] Why do they prefer to waste scarce forex to import, rather than build modular refineries? Is America blocking them again? Have you seen the job? 1 Share
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Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by yeyeboi(m): 8:41am On Nov 21, 2016 |
Ok |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by Nobody: 8:47am On Nov 21, 2016 |
lol |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by richidinho(m): 8:51am On Nov 21, 2016 |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by Nobody: 8:57am On Nov 21, 2016 |
cuteboy2:If they build they won't have where to loot from. |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by Atiku2019: 9:01am On Nov 21, 2016 |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by Nobody: 9:02am On Nov 21, 2016 |
“I do not think government can wave any magic wand to make the refineries work at internationally acceptable capacity utilisation level. My preference is that the refineries should be privatised and the private sector should be encouraged to take over both the risk and returns associated with the market economy. 1 Like |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by Nobody: 9:03am On Nov 21, 2016 |
PUSH1: Nigeria investors need quick money without risk they would rather import |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by Nobody: 9:25am On Nov 21, 2016 |
Benita27:[size=14pt]Fuel importers and jobbers would never allow refineries to work. GEJ repaired the refineries and they didn't refine anything. PMB came in and fixed all the pipelines and commissioned the refineries and the pipelines were blown up within weeks. Unfortunately, Nigerian youths and paid media continue to applaud deliberate sabotage of the economy. The vultures have become too powerful that they destroy whatever they cannot control. [/size] 3 Likes 1 Share |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by Nobody: 9:49am On Nov 21, 2016 |
kITATITA:we don't care.. Buhari must restore the economy to what he met! 1 Like |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by mrvitalis(m): 9:57am On Nov 21, 2016 |
Dangote is coming with a monster refinery no investor will compete with such small refineries expect u want to criss cross Nigeria with pipelines and thats no wise investment I just laugh the likes of tonimas and capital oil... If they dont begin to build refineries to hold the south south and south East market then they will be sidelined 1 Like |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by cuteboy2: 10:25am On Nov 21, 2016 |
mrvitalis: Excellent point on the bolded text. Individually, these small marketers can build these small modular refineries costing about $75m. They build product storage tank farms costing much more than this amount, so they continue thier importation scam. What is more these modular refineries are already available all-over the world on skids. This definitely is not too much for the likes of Ifeanyi Ubah of Capital Oil, Dantata of MRS and Wale Tinubu of Oando. They just prefer this importation scam with bogus subsidy claims. Meanwhile, many years back a small company called Niger-Delta Petroleum Resources (NPDR) that bought the divested OML34 from Shell built a small 1000 barrels/day refinery in Rivers State. That plant produces all the diesel they need plus excess truckloads daily which they sell for cool cash. Our economic buccaneers and lazy government are daily yarning silly grammar. 1 Like |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by mrvitalis(m): 10:29am On Nov 21, 2016 |
cuteboy2: I tell people there is no genuine investors that will leave Nigeria now Government has assured that forex won't be a problem.... So whats the problem Banks and importers are our greatest problem 1 Like |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by GMBuhari: 10:32am On Nov 21, 2016 |
Bad belle now expect Buhari to do in 2 years what clueless did not do in 5 years each mini refinery will cost $75M , so tell me , will the mini refineries be completed in 6 months or a year ? So we focus on building refineries and fail to import crude for the local consumption so that petrol from ND will sell for 1000 per gallon and you will still shout Buhari is killing you with hunger ?? If all the excess from crude was used to even upgrade two of the refineries in Nigeria , today we will have to import less even if works is not completed, it would be clear that Clueless Jonathan had good intentions and thanks for the Political avengers , we produce lesser barrels of crude everyday , meaning less capital for the country , it means we don't have money to build refinery and import our own refined crude oil at the same time Cause and effect It's very real Like 3D real as for you cuteboy2: i AM NOT SURPRISED , I am sure you are one of the people who condemned N-Power program and did not register , as at this morning , three people have confirmed that they have been recruited / selected / offered Jobs by Npower and the posts are still here for you to read |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by thedarkside: 10:37am On Nov 21, 2016 |
cuteboy2: never underestimate they greed of men.. we will have to make do with they situation... it costs 27dollars to take the crude at of the ground.. if you understand that basic fact,then you would understand the problems oil marketers in niceria.. it is not profitable to refine oil in nigeria... we should be building power plants not refineries... jonathan that hopeless mofo... |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by cuteboy2: 11:21am On Nov 21, 2016 |
GMBuhari: Excuses, excuses as always. A 20,000 modular refinery can be built and commissioned in 12-18 months flat. If the people in power are confused, or don't know how to do it they should eat the humble pie and ask those who know for help, rather than going cap in hand from China to Washington begin for loans. I have given you a living example of NPDR's plant at Ogbelle in River State. The so-called 6 years is for huge 200,000 - 500,000 greenfield refineries like the one Dangote is trying to build. And Dangote refinery will not take up to 6 years. Work started in 2015, and they will commission it in 2018. Is that not 3 year? An in any case, if an individual like Dangote can build it why can't Federal Govt do it? Stop offering lame excuses for lazy and confused politicians. GMBuhari: If all the excess from crude was used to even upgrade two of the refineries in Nigeria , today we will have to import less even if works is not completed, it would be clear that Clueless Jonathan had good intentions and thanks for the Political avengers , we produce lesser barrels of crude everyday , meaning less capital for the country , it means we don't have money to build refinery and import our own refined crude oil at the same time Another pathetic excuse. May be you should try a factory reset on your memory. Who insisted that excess crude money should be shared, and nothing should be saved to invest in railways and green field refineries? The pusyy cat of Ubima (Rotimi Amaechi) and Fashola led that campaign. They even went to court to to force the excess crude funds to be shared to all tiers of govt. OBJ himself personally expressed his own frustration with greedy governors during his tenure on this matter. Despite the stiff opposition, GEJ went ahead to establish NSIA and Sovereign Wealth Fund (SWF). All the monies saved and the interests that have accumulated was dutifully handed over the Buhari's govt. What have they done with it? They used it to import fuel, abi? GMBuhari: as for you cuteboy2: i AM NOT SURPRISED , I am sure you are one of the people who condemned N-Power program and did not register , as at this morning , three people have confirmed that they have been recruited / selected / offered Jobs by Npower and the posts are still here for you to read Excellent progress!! Clap for yourself. At this rate, if we can identify 3 people monthly out of the 250,000 so called beneficiaries of Npower, we will need 6,944 years to identify all of them. Una try with una deception. What stops Federal Govt from simply publishing the names of these 250,000 people if they truly exist. Maybe the 250,000 people have been "technically" employed. |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by cuteboy2: 4:48pm On Nov 21, 2016 |
PUSH1: We are not talking of maintaining or repairing existing refineries. What is needed is to build new small refineries all over the country to minimise expensive bridging cost by fuel tankers which also damages our roads. This is besides the huge forex expended in importing and the sleaze in paying subsidies to importers. * Why can't we process our raw produce to value goods and products? * Why do we prefer to to export raw cocoa beans, and import chocolates? * Why do we prefer to export crude oil and import petrol, diesel, kerosene, and countless other petroleum derived products ranging from chemicals to plastics? * Why do we prefer to export iron ore, and import iron rods, steel sheets, etc * Why do we prefer to export gum arabic, cashew, cola nut, etc, and import creams, adhesives, cosmetics, peanut butter, creams etc? We are poor not because we not producing enough barrels of crude oil. We are poor because we do not utilise cheap natural resources to produce high value goods. How can a country be bordered by a huge ocean and criss-crossed by countless rivers, yet still be importing fish? Is it not madness. |
Re: 1 Trillion Naira Used To Import Fuel In 5 Months; 200,000 Jobs Created (PICTURE) by cuteboy2: 4:41pm On Nov 22, 2016 |
Benita27: Especially via fuel subsidy claims by marketers. Sad |
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