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Private Refineries Licensed By DPR (full List) - Politics (4) - Nairaland

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Re: Private Refineries Licensed By DPR (full List) by Sarmiz24(m): 9:58am On Apr 14, 2021
God will see you through
MemoriesAndMe:

I don talk my own, no worry about me, na yourself make u worry about. I no criticize anybody, na advise not to make mistakes wey some like me don make before.
Re: Private Refineries Licensed By DPR (full List) by MemoriesAndMe: 10:06am On Apr 14, 2021
Labadi69:


How much do you think a refinery costs? We are talking millions of dollars. How much you and your men don waste for club? Naija youths dey weak me fa angry
Think equity, not cash only.
Re: Private Refineries Licensed By DPR (full List) by Labadi69: 10:28am On Apr 14, 2021
MemoriesAndMe:

Think equity, not cash only.

Okay let’s do the maths. A decent modular refinery costs around $300m. Equity for this at let’s say one third is $100m. So you and your men dey drink champagne of $100m? Oga fear God o angry
Re: Private Refineries Licensed By DPR (full List) by celeiyke: 11:43am On Apr 14, 2021
None in Ondo, Cross Rivers and Abia
Re: Private Refineries Licensed By DPR (full List) by MemoriesAndMe: 11:52am On Apr 14, 2021
Labadi69:


Okay let’s do the maths. A decent modular refinery costs around $300m. Equity for this at let’s say one third is $100m. So you and your men dey drink champagne of $100m? Oga fear God o angry
I said think equity first. Do you think those people have to pay $300m cash? How about getting line of credits for that based on their past financial decisions? If you ran a bank, whom would you lend money first - someone that spends all his money recklessly or someone that has his funds tied in multiple tangible investments? Even flashy cars aren't assets worth lending people cash on as the depreciate.
Do you think Dangote paid cash for his refinery? If he did, thats not a smart financial decision.hes credit worthy and banks will finance him more than someone that wastes his funds because he has built equity over time.
Re: Private Refineries Licensed By DPR (full List) by divequi: 12:31pm On Apr 14, 2021
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Re: Private Refineries Licensed By DPR (full List) by Labadi69: 12:43pm On Apr 14, 2021
MemoriesAndMe:

I said think equity first. Do you think those people have to pay $300m cash? How about getting line of credits for that based on their past financial decisions? If you ran a bank, whom would you lend money first - someone that spends all his money recklessly or someone that has his funds tied in multiple tangible investments? Even flashy cars aren't assets worth lending people cash on as the depreciate.
Do you think Dangote paid cash for his refinery? If he did, thats not a smart financial decision.hes credit worthy and banks will finance him more than someone that wastes his funds because he has built equity over time.

This is getting ridiculous. Read my post again before responding. You are trying to sound smart but you end up sounding very stupid.

No bank will finance 100% of a project. You still need to put in equity which runs into millions of dollars.

You are a deluded lazy youth if you want to compare the amount of money that stupid fraudsters spend in a night club to the amount needed to build a refinery. Now run along and stop wasting my time angry
Re: Private Refineries Licensed By DPR (full List) by Eriokanmi: 1:54pm On Apr 14, 2021
Labadi69:


You are very wrong
then who owns it?
Re: Private Refineries Licensed By DPR (full List) by MemoriesAndMe: 5:07pm On Apr 14, 2021
Labadi69:


This is getting ridiculous. Read my post again before responding. You are trying to sound smart but you end up sounding very stupid.

No bank will finance 100% of a project. You still need to put in equity which runs into millions of dollars.

You are a deluded lazy youth if you want to compare the amount of money that stupid fraudsters spend in a night club to the amount needed to build a refinery. Now run along and stop wasting my time angry
Yeah ure right. Its pointless talking to ur type. You can't even hold a conversation without being abusive. Im nothing like your type.
Peace.
Re: Private Refineries Licensed By DPR (full List) by MrGerald(m): 9:40am On Apr 15, 2021
Coldie:

Everytime I see dem doing that they really disgust me
You have a personal problem and concerns, do you even know who owns the companies, they can be from any part of the country,, stop talking or writing like a kid.
Re: Private Refineries Licensed By DPR (full List) by Coldie(m): 9:53am On Apr 15, 2021
MrGerald:
You have a personal problem and concerns, do you even know who owns the companies, they can be from any part of the country,, stop talking or writing like a kid.
If u want to know who really is a kid amounts the two of us, read your comments over and over again them read my comment.

Them look for how it relates or connects and ask yourself who the kid is.

A grown ass kid like you cannot express himself.
Re: Private Refineries Licensed By DPR (full List) by MrGerald(m): 1:53pm On Apr 16, 2021
Coldie:

If u want to know who really is a kid amounts the two of us, read your comments over and over again them read my comment.

Them look for how it relates or connects and ask yourself who the kid is.

A grown ass kid like you cannot express himself.
Kid, your comments reeks of childishness
Re: Private Refineries Licensed By DPR (full List) by Coldie(m): 2:02pm On Apr 16, 2021
MrGerald:
Kid, your comments reeks of childishness
Kid read your comment again and again.

I know immaturity won't let u know what u wrote is childish so am not surprised
Re: Private Refineries Licensed By DPR (full List) by BirtherOfKings(f): 2:08pm On Aug 21, 2023
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