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NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery - Politics (2) - Nairaland

Nairaland Forum / Nairaland / General / Politics / NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery (9195 Views)

Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery / Bala Mohammed Awards ₦3.6 Billion Contract To His Own Company / NNPC Signs $3.15bn Financing For OML 13 (2) (3) (4)

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Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Muhylonaire007: 8:53am On Apr 07
Hmmm
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Femeto: 8:53am On Apr 07
FRAUD
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by AdaNri1(f): 8:55am On Apr 07
The contractors must have Gandujerised the government to win the contract. Fraud smelling everywhere.

After 44 months we will still be looking and waiting. I tire for Nigeria matter.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by BruncleZuma: 8:56am On Apr 07
That was fast, world record procurement process.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Trustedpronet: 8:56am On Apr 07
Anything that will benefits their pocket goes with eagle speed but the one that will benefit the poor goes with snail speed. We go meet on the day of judgement.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by mmsen: 8:57am On Apr 07
Nigerians love a good scam.

Shameless people.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Nobody: 8:57am On Apr 07
IamNumeroUno:
They still went ahead with this kangaroo repairs!

And you wonder why the people are revolting?
You can't keep pressing them down and expect them not to scream. They scream only how they know best. Some may feel it would be loudest to scream at police stations and correctional facilities.

You steal from the masses and send your kids to better schools abroad, positioning them to take up juicy positions of authority in the government or government agencies.

Na ogun go kee allof una there!

So what do you think they should do with the refinery?

Should they leave it as it is? Or sell it...which means they have to find a buyer who would pay money for something that after buying it needs to be fixed? (Like selling a broken down car to someone who has to pay money for the car plus pay money for fixing)

Plus we would have had more money for schools and so on if we hadn't subsided fuel to the point where we spend more on subsidy than we do on education....plus subsidy means that over time the refienreis cannot work well because they don't make enough of a profit to do so...thanks to artrifically low prices brought about by subsidy.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Obakoolex(m): 8:58am On Apr 07
Egoveen:
Issoright when you have a chilled bottle of Gulder garnished with Isale oyo weed by your side.....now that's paradise.
Igbo gbeniwa grin
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Temptee101(m): 9:00am On Apr 07
conod:
We hope the money doesn't get looted. embarassed We hope.

Lol...

Keep hoping.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Superboss: 9:00am On Apr 07
So, the clueless government is still going ahead with this monumental wastage?
This government has really set the record as the most useless, clueless and corrupt administration since 1999.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by MALAGI6210: 9:02am On Apr 07
Drsnives:
Kweeeeke oo

I foresee half the money looted.

This I have seen
prophet of Bad vission u dey ever see good in ur prophecy
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Zaggafrank: 9:02am On Apr 07
DennisEche:
grin grin grin, SAI BABA. I JUST WIONDER HOW ZOMBIES ARE FEELING RIGHT NOW BECAUSE THEIR BABA HAVE DISSAPPOINTED THEM. IMAGINE THE WASTE GOING TO OUR DEAD REFINERRY
You will not die before the completion of the contract neither will I. We will pass judgement then.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Nobody: 9:03am On Apr 07
Superboss:
So, the clueless government is still going ahead with this monumental wastage?
This government has really set the record as the most useless, clueless and corrupt administration since 1999.

Isn't it more of a waste to keep a non-functional refinery non-functional?
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Nobody: 9:04am On Apr 07
BruncleZuma:
That was fast, world record procurement process.

Jokes aside, it is straining our forex to be importing fuel everyday. So, fixing domestic refining is and should be a priority. Dangote isn't going to meet all our fuel needs, even at full capacity.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by yetunsbay(m): 9:05am On Apr 07
Lol. Approx trillion in naira
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Superboss: 9:07am On Apr 07
Neutralobserver:


Isn't it more of a waste to keep a non-functional refinery non-functional?

Y can't it be sold?
Has that refinery generated any revenue in the last decades?
Evaluate and sell the damn refinery and use the money for much better ventures.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by MALAGI6210: 9:07am On Apr 07
Zaggafrank:

You will not die before the completion of the contract neither will I. We will pass judgement then.
Is Baba minister of NDDC? ur people are very wicked to you and don't see
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by preshyusufu: 9:09am On Apr 07
this government no send nigerians. Even when nigerians say no, dey still went ahead. i like this government, our mumu remain small to do us.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by sylve11: 9:11am On Apr 07
Na the country we dey be this. Continue your sins and keep returning to Nigeria. Do away with sins and move to somewhere better. grin cool
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by BruncleZuma: 9:12am On Apr 07
Neutralobserver:


Jokes aside, it is straining our forex to be importing fuel everyday. So, fixing domestic refining is and should be a priority. Dangote isn't going to meet all our fuel needs, even at full capacity.
Buddy, I don't know where it takes two weeks to carry out due diligence, carry out a tender process and conduct technical and financial evaluations before signing a contract for a 1 million dollar project talk less of 1bn. If this wasn't being done as a fishing expedition for illicit campaign or slush funds then they should follow due process.

We can build new refineries with the monies that have been sunk into operating and maintaining them since 1999.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Brushstrokes20: 9:14am On Apr 07
....and the looting continues!

Useless govt of self serving THIEVES!

The shithole is on a cliff edge.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Phred1717: 9:14am On Apr 07
Misplaced priorities n lack of ideals. Looting is no more invoke. Sensible government are looking at the future, each n everyday we keep going 20years backward
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Nobody: 9:15am On Apr 07
Superboss:


Y can't it be sold?
Has that refinery generated any revenue in the last decades?
Evaluate and sell the damn refinery and use the money for much better ventures.

Would you buy a broken down refinery , which you would have to spend money to fix again...on top of the money you spent buying it?

That's the problem
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by IamNumeroUno: 9:17am On Apr 07
Neutralobserver:


So what do you think they should do with the refinery?

Should they leave it as it is? Or sell it...which means they have to find a buyer who would pay money for something that after buying it needs to be fixed? (Like selling a broken down car to someone who has to pay money for the car plus pay money for fixing)

Plus we would have had more money for schools and so on if we hadn't subsided fuel to the point where we spend more on subsidy than we do on education....plus subsidy means that over time the refienreis cannot work well because they don't make enough of a profit to do so...thanks to artrifically low prices brought about by subsidy.

I'm very sure you have not been following this story from when it broke.
The government is not "fixing" the refinery to use, NO, they want to repair it at $1.5 billion dollars and then sell it. That's what we all are angry about. Why spend money to repair the dead metals before sale?
Why not keep the money, sell the scrap for whatever amount you can sell and add to this amount you want to spend, then use it to start a.new one? Haven't you heard about the the bird in hand worth millions in the bush? Knowing the kind of country we have, the contractors would most definitely abandon the project, after the $1.5 billion dollars have been appropriated. Isn't that waste of resources?

Please don't start me with that subsidy stuff. I remember back in 2012 when the previous government, advised by the current WTO Chairman wanted to remove subsidy, Buhari said there is nothing called subsidy. The videos are out there for everyone to see. Therefore, you can't claim to be removing what doesn't exist.

Heck, even if subsidy did exist, how do you hope to further impoverished the common man when all politicians get fuel for free? How can the common man benefit from the corruption going on?

In Buhari's word, "anybody that tells you that he is removing subsidy, it is praud, nothing like subsidy"

1 Like

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Badgers14: 9:19am On Apr 07
How many times will they award the contract to fix this refinery ??
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Brushstrokes20: 9:22am On Apr 07
Criminals cashing out again!

Useless govt of self serving THIEVES.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by sulaak(m): 9:23am On Apr 07
BruncleZuma:
That was fast, world record procurement process.

2023 loading, funds for political agents required for the minister of petroleum ... Buhari

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