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Nairaland Forum / Nairaland / General / Politics / NNPC Spends ₦10 Billion On Comatose Refineries In April (13540 Views)
10 Largest Refineries In The World / Keyamo: Tinubu's TVC Standing Strong, Atiku's TV In Comatose / NNPC Spends N1bn Daily, Petrol Subsidy Hits N19.37/Litre (2) (3) (4)
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by sulaak(m): 8:31am On Jul 18, 2020 |
Sammy07: The best advice to Nigerians. 1 Like |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by babajero(m): 8:38am On Jul 18, 2020 |
Buhari is another word for corruption. 1 Like |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by EmekaBlue(m): 8:39am On Jul 18, 2020 |
looted 7billion should be d headline 1 Like |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by AdeniyiA(m): 8:47am On Jul 18, 2020 |
Who's the Petroleum minister again? |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Jabioro: 8:54am On Jul 18, 2020 |
arantess:""Prodigal Country"* Thank you my brother God bless you..We are been rules by prodigality government... |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by bonnyhope: 9:01am On Jul 18, 2020 |
Sammy07: Atiku proposed this but you guyz said he is corrupt |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Sutiv: 9:09am On Jul 18, 2020 |
Is it not better to sell these refineries than to keep running them this way. Look at Eleme petrochemical, though it was sold to Indians but it is running better till date, paying taxes and creating employments. 1 Like |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Chirowman(m): 9:43am On Jul 18, 2020 |
wahala dey oooo |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Upworkwriter007(f): 9:45am On Jul 18, 2020 |
Gracealone:Another thing is getting rid of ribadu to protect Ibori. 2 Likes |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Upworkwriter007(f): 9:47am On Jul 18, 2020 |
iampeterben:The irony of it is that a thief is warning Nigerians about a thief..... 1 Like |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Nobody: 9:49am On Jul 18, 2020 |
Gracealone: No, privatising refieneries means higher fuel prices, in the interim at least...because since the refineres won't be getting money from government, they have to source for it themselves As a result, prices of fuel, kero and gas would go up. Long term, it means lower prices, and more investment...because profits now are being made. But because of that politically expensive initial raise in prices, that's why no government, past or present wants to privatise refienreis. They would be thrown out of power in months. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by SarkinYarki: 9:50am On Jul 18, 2020 |
Buhari is a thief and all those who enabled his coming to power will face justice in the future from Tinubu to Atiku 1 Like |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by EngrXrix(m): 10:03am On Jul 18, 2020 |
some of the major problems I discovered these refineries had was that they had too many business minded staffs compared to technical minded staffs. technical staffs that know when, what, and how to fix a broken equipment in a cost efficient and timely manner to sustain production. rather we have staffs who are only after what comes to their pocket and how much is involved in a process so they can cut their share of the money. Also therea is no clear maintenance strategy for these plants. the only clear maintenance strategies executed on these equipments are majorly reactive maintenance and TAMS( TURN AROUND MAINTENANCE). this is wrong and will only lead to imminent failure of equipments. preventive maintenance is the only way to ensure optimum up times of these equipments. the nnpc does not HV a computerized maintenance management system in place to help manage maintenance activities of their plants. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by gbengaeed(m): 10:09am On Jul 18, 2020 |
....read carefully “We have a situation now of a refinery that has not functioned for three years, yet it’s paying salaries. Every staff is being paid. We have carried on paying salaries. Nobody can sack anybody. “People are getting promoted, but the refineries are not functioning. Unions will not let you. Those are the real issues,” he said. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Nobody: 10:24am On Jul 18, 2020 |
Upworkwriter007: Yes. Ibori and Saraki. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by cugardmalino: 10:31am On Jul 18, 2020 |
ogododo:God to punish all this big for nothing leaders they call elites. You spend N10b for nothing in just one month. Why not sell the refineries to private corporations. Is it not just one man called dangote that is building a refinery and the whole country is waiting for it to be commissioned. What a senseless country we live In. Hisssssssssss 2 Likes
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Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by SlyCharlie(m): 11:09am On Jul 18, 2020 |
kikero:Nice take but ₦10b is NOT $26K should be about $26M... still alot of dough to spend in a month without income. 1 Like |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Creamz(m): 11:48am On Jul 18, 2020 |
When Atiku said he would sell it, some hypocrites were saying rubbish. We have a huge problem of wasteful spending coupled with corruption. 2 Likes |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by RAYAM(f): 1:06pm On Jul 18, 2020 |
The country is spending this much on refinery, yet no one is working. We're still importing fuel. God save this nation |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Nobody: 2:41pm On Jul 18, 2020 |
ogododo:One of my classmates Dad was a former Managing Director of Warri refinery. Most of the billions spent on the refinery went to his pocket and the contractor given the contract Emeka XXXXX who was a former godfather of Anambra state. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Nobody: 2:46pm On Jul 18, 2020 |
SarkinYarki: |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Bellotelli: 3:19pm On Jul 18, 2020 |
GMBuhari:But you read where they said they still pay refinery worker's salaries, and the unions are preventing them from retrenchment. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Nairalandmonika: 3:21pm On Jul 18, 2020 |
kikero:I understand u, but still buhari is just favoring the north, b4 this akk gas pipeline project, there was plans to build an export processing zone (EPZ) in warri Delta State, of which buhari made promise to do so. Till date nnpc has refused to award the contract. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by shiwex: 3:26pm On Jul 18, 2020 |
Buhari is a Curse on Nigeria. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Elineska: 5:32pm On Jul 18, 2020 |
NNPC is dead. What we have now is Northern Nigeria Petroleum Corporation. A cash cow for Hausa-Fulani born-to-rule Leeches That's why payments of salary will continue even after it is dead and buried |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Nobody: 7:16pm On Jul 18, 2020 |
kikero:We are in this country Nigeria when funds was budgeted for the upgrade and maintenance of the refineries, (where are those funds that was budgeted for such?) UAE found oil in 1958 and Nigeria found oil in 1956, yet UAE is producing at 3.2 million barrel per day despite the population and we can see the clear difference today. You don't expect public funds to be misused, sabotaged by corrupt politicians, individuals and expect the economy to grow and increase the wealth of the nation. Crude oil prices increased up to 80 dollars per barrel ~aprox from early 2009 to late 2014 (100 dollars) as at that time the profit was coming in other sane countries was investing in the profit by upgrading their refineries and maintaining them, investing in its economy, what did Nigeria government doing then? ( sabotaging the funds, hahaha. You think things work like that?) most sane countries of the world plan for its citizens according to their population and its growth, hope you have grasp through Europe 40 years master man) e.g a family that has 3 children, the affordability would be different from a family of 6 children. Hope you have come across the statistics of world population in 2100, the decline of some races in Asian and European countries (how most of those countries would be mostly be populated by blacks and how the increase in racism would be very severe) while Nigeria would be the second highest in the world by then. If dangote an individual of such caliber could build a working refinery of such capacity please what excuse do the federal government have? |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by Nobody: 7:38pm On Jul 18, 2020 |
onyechez: The funds are meaningless if you cannot cite how much it costs to actually repair and maintain and upgrade a refinery Plus, oil subsidy means that NNPC cannot make the kind of profit to keep refinereis up to date. Then there is sabotage, which happens because regardless of whether NNPC makes a profit or not, as a private company, it earns money from government subvention Privatise NNPC, allow marketers to control the price of fuel they sell, and there would be hefty profits to run the oil sector. UAE found oil in 1958 and Nigeria found oil in 1956, yet UAE is producing at 3.2 million barrel per day despite the population and we can see the clear difference today. You don't expect public funds to be misused, sabotaged by corrupt politicians, individuals and expect the economy to grow and increase the wealth of the nation. UAE has eleven million people compared to Nigeria's 200 million Two men earn N200000 naira monthly. One man has 2 children and one wife. The other man has ten children and several dependents. Who is going to look richer? Crude oil prices increased up to 80 dollars per barrel ~aprox from early 2009 to late 2014 (100 dollars) as at that time the profit was coming in other sane countries was investing in the profit by upgrading their refineries and maintaining them, investing in its economy, what did Nigeria government doing then? ( sabotaging the funds, hahaha. You think things work like that?) Well, that's the problem with resource dependent countries....which is why if you understand my post, you would see I advocate for industrialization. A resource dependent country is not a developed country. It does not matter how much money we made from oil....we were using it to import stuff. Again, repairing the refinereis is not possible, because we forced NNPC to sell fuel below the production cost, and as a result, there were no profits in the sector...to repair the refineries. most sane countries of the world plan for its citizens according to their population and its growth, hope you have grasp through Europe 40 years master man) e.g a family that has 3 children, the affordability would be different from a family of 6 children Well, we Nigerians refuse to develop an industrial scoeity. You think we have enough money to plan for everyone? We don't. To have enough for everyone, we need oil at $140 per barrel. (Breakeven price...google it). . Hope you have come across the statistics of world population in 2100, the decline of some races in Asian and European countries (how most of those countries would be mostly be populated by blacks and how the increase in racism would be very severe) while Nigeria would be the second highest in the world by then. Well, we can get there. If dangote an individual of such caliber could build a working refinery of such capacity please what excuse do the federal government have? Ha. Dangote refienry costs $9 billion. $3 billion came from his pocket...the rest $6 billion came from loans granted to him by international banks, and the African development bank. Meanwhile, we need more than 4 new refienreis, plus upgrading of the exisitng ones. That would cost more than our current budget to achieve. That's why we have to deregulate. Once we deregulate, while it would cost you N300 to buy one liter of fuel, there would be enough profit to fix refinereis, plus more people would come in and build refinery. Government need not spend a kobo. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by whizkid10(m): 11:54pm On Jul 18, 2020 |
Atiku suggested to sell off this Northern looting corridor, But the lame and Gullible called him Names at the Favour of a Vegetable Lifeless Nomad. I blame that Brown teeth chimpanzee. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by COMPAQ(m): 9:15am On Jul 20, 2020 |
Gracealone: I totally agree. If Yar Adua had allowed the sale by obasanjo to stand, we wouldn't be where we are today. |
Re: NNPC Spends ₦10 Billion On Comatose Refineries In April by COMPAQ(m): 9:17am On Jul 20, 2020 |
kikero: Petrol won't even be up to N300. After all diesel is deregulated and is N190. Everywhere I've gone in the world, diesel is slightly more expensive than petrol. So worst case in Nigeria deregulated petrol at the.moment should be like N180. 1 Like |
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