Is it that we can’t build refineries in this country or if we do ,it won’t work? I just don’t understand

adenigga:

https://m.punchng.com/Business/Fuel-imports-gulped-N700.46bn-in-three-months–NBS

With this kind of extravagant spending, we will surely switch up to this means of transportation as illustrated in the picture below......

Seniorwriter:


Post your skills

Proactivity Leads To Productivity

© Seniorwriter

thanks for your concern sir, I appreciate.

donPhill:
coming from an oil producing nation... This government is a total sham!

God pls save Nigeria.
I need a Job pls

Stop disturbing God, he has done so much for Nigeria and Africa than any other continent...
Go learn a trade and stop all this "I need a job talk."

IamWonderful:
We have crude oil but we are importing petrol, kerosene and diesel, Nigeria politics is disaster

Only LAZY maggots does this!

Athemisia:

Stop disturbing God, he has done so much for Nigeria and Africa than any other continent...
Go learn a trade and stop all this "I need a job talk."

thank you sir, pls do you have any for me?

Hehehe
This is not a country!
How else can we explain to idiotss?
Dummies with a slave mentality??
Did anybody pay back the Royal Niger Company the money paid for Nigeria?
This is a British estate ruled by proxies,

The sooner it is broken up and everybody goes back to his tent, the better, otherwise we would remain a third world nation, coz as the south attempts to build, the agents of the British in the North, people who proudly claim to be Arabs will knock it down,

Farki:
The president should sack the minister of petroleum immediately. His performance has been nothing to write home about.

The president should also query the minister of petroleum for the glaring corruption happening under his nose.

werey is the president not the minister of petroleum?

Imagine those fuel had been refined locally, it could have employed hands.

donPhill:
thank you sir, pls do you have any for me?

You still get my point... I don't give job
What are your skills?

They import fuel but locked the boarder and stopped poor Nigerians from importing rice and other common commodities that the poor masses enjoy and use to sustain their livelihood.


What else do yhu call stupidity? Is this government not brainless and wicked?


Only the things that will affect the common man deserve been shot down but fuel importation is such a must for the government.

Why not stop the importation of fuel too to encourage productivity, isn't that why yhu lock the boarder in the first place?

Bunch of silly miscreants.

tinubu self how you take package this bubu give people na

CheedyJ:
Is it that we can’t build refineries in this country or if we do ,it won’t work? I just don’t understand

1. There are about 4 refienreis under construction in Nigeria, with at least two able to refine PMS or petrol among other things

2.The reason why we are importing fuel is because since the 1980's we have been selling fuel at a loss in Nigeria and paying a subsidy which does not cover the losses adequately. As a result there isn't enough money to maintain and upgrande refineres by NNPC and build new ones.

The private refienres going up now will work if Nigerians allow the people refining and distributing the fuel to control the price, not government.

Niger is selling us fuel...because they have a working refinery, which is because they sell fuel there at 374 naira per liter, meaning they have enough profits to keep up their refinery.

Rebuke:
They import fuel but locked the boarder and stopped poor Nigerians from importing rice and other common commodities that the poor masses enjoy and use to sustain their livelihood.


What else do yhu call stupidity? Is this government not brainless and wicked?


Only the things that will affect the common man deserve been shot down but fuel importation is such a must for the government.

Why not stop the importation of fuel too to encourage productivity, isn't that why yhu lock the boarder in the first place?

Bunch of silly miscreants.

1.Well, if government stopped impprting fuel, there would be mass scarcity on our hands

2.Because Nigeria has been subsidising fuel....we don't have enough cash to maintain refinereis...and subsequently the big oil guys prefer to import rather than export.

(If you were baking loaves of bread at 300 per loaf, and you sell at N400 per loaf, you would have a profit of N100 per loaf, enough to expand and maintain your bakery and pay staff. But if government steps in and tells you to sell your bread at N100 and pays you a subsidy of N50, that means you lose N150 . Your bakery runs aground).

3.The government shut the borders because
a) They were tired of people importing fuel, collecting subsidy money and then smuggling the fuel to Niger and Benin where it costs N316-374 per liter and selling it there for profits...meaning government was wasting money for nothing

b) They don't want to remove subsides because it m,eans fuel costing N300 or more per liter here.

4.The only solution...government makes fuel refining profitable in Nigeria. Allow Dangote to sell fuel to marketers at his price and allow the same marketeers to sell fuel to Nigerians at their price...meaning fuel costs N300 per liter or more, BUT...more refineres, more investment, more jobs, increased production and lower prices.

Stop saying fuel gulped. Is the fuel being supplied to Nigerians for free?

Why don't u tell us how much was made from the fuel sales

Can someone explain to me how this thing works pls. I've been hearing of dsdp since the time of Jonathan yet they always still talk of subsidy and how our fuel price is affected by international oil price.
How does it make sense pls?

Claudiusdeux:


1.Well, if government stopped impprting fuel, there would be mass scarcity on our hands

2.Because Nigeria has been subsidising fuel....we don't have enough cash to maintain refinereis...and subsequently the big oil guys prefer to import rather than export.

(If you were baking loaves of bread at 300 per loaf, and you sell at N400 per loaf, you would have a profit of N100 per loaf, enough to expand and maintain your bakery and pay staff. But if government steps in and tells you to sell your bread at N100 and pays you a subsidy of N50, that means you lose N150 . Your bakery runs aground).

3.The government shut the borders because
a) They were tired of people importing fuel, collecting subsidy money and then smuggling the fuel to Niger and Benin where it costs N316-374 per liter and selling it there for profits...meaning government was wasting money for nothing

b) They don't want to remove subsides because it m,eans fuel costing N300 or more per liter here.

4.The only solution...government makes fuel refining profitable in Nigeria. Allow Dangote to sell fuel to marketers at his price and allow the same marketeers to sell fuel to Nigerians at their price...meaning fuel costs N300 per liter or more, BUT...more refineres, more investment, more jobs, increased production and lower prices.

I can spot this guy in a sea of fingerlings.
Always playing the chameleon.
Cicero is gone. Philip is rested. Now it's Claudius.
Bojuboju o

Claudiusdeux:


1. There are about 4 refienreis under construction in Nigeria, with at least two able to refine PMS or petrol among other things

2.The reason why we are importing fuel is because since the 1980's we have been selling fuel at a loss in Nigeria and paying a subsidy which does not cover the losses adequately. As a result there isn't enough money to maintain and upgrande refineres by NNPC and build new ones.

The private refienres going up now will work if Nigerians allow the people refining and distributing the fuel to control the price, not government.

Niger is selling us fuel...because they have a working refinery, which is because they sell fuel there at 374 naira per liter, meaning they have enough profits to keep up their refinery.

You and I know that your no2 is a lie sha

Agbegbaorogboye:


You and I know that your no2 is a lie sha

You don't understand how subsidy works, or why price controls are a bad idea for the economy.

You want fuel at low prices because you think that capitalism is a bad idea.

Agbegbaorogboye:

I can spot this guy in a sea of fingerlings.
Always playing the chameleon.
Cicero is gone. Philip is rested. Now it's Claudius.
Bojuboju o

Sometimes one needs to take a break form the hate and yelling on this site.

gaetano:
Me I'v been working really hard so I can leave this country as soon as possible. I want to make sure my unborn children don't go through the same shit i did.

That's the best decision a Nigerian can make as of today. ... Baba you can share ideas with me on this japa subject. I'm tired

The most corrupt sector in Nigeria.... Where people earn billions for doing absolutely nothing and the government look the other way. It should be privatised in the most transparent manner for it to ever work.

Are you an illiterate..is the minister of petroleum not Buhari... Dickson is acting under buhari... besides is Dickson in charge of NNPC whose refineries are down since Obasanjo..
Why not query Jonathan Yar adua and OBJ...they are all responsible for this mess...they left the refinery to rot all this years...d only saving grace is dangote

Farki:
The president should sack the minister of petroleum immediately. His performance has been nothing to write home about.

The president should also query the minister of petroleum for the glaring corruption happening under his nose.

Farki:
The president should sack the minister of petroleum immediately. His performance has been nothing to write home about.

The president should also query the minister of petroleum for the glaring corruption happening under his nose.

And who is the minister of petroleum??

simplexvi:
When atiku said he will privatise oils sector, una b wan eat him raw, now a country that has oil in exccess, now imports fuel..

They are all the same my brother.

Some others too would have said 'when Buhari promised you one modular refinery per month you people refused to vote for him'

Anything that will make a career politician get your vote.

Farki:
The president should sack the minister of petroleum immediately. His performance has been nothing to write home about.

The president should also query the minister of petroleum for the glaring corruption happening under his nose.

It seems a lot of people have missed the point of this post.

If the president/presidency ever thinks this way, he/they would have long resigned, because Buhari doubles as the Petroleum Minister.

Claudiusdeux:


You don't understand how subsidy works, or why price controls are a bad idea for the economy.

You want fuel at low prices because you think that capitalism is a bad idea.

I don't think capitalism is a bad idea. What I don't subscribe is your propaganda of pushing an agenda of capitalism cures all ills.

It's a cheap lie and an attempt to absolve govt of its responsibilities.