Odidigboigbo:
You are not getting the facts, a state government can do little or nothing in that sector, it's wholly under the purview of the federal government. Does the state government controls the police, civil defence or navy that secure the sector? Do any of these agencies report to state government? Or you want the state government to set up security outfit that will police against illegal bunkery, while the money the sector makes goes to the FG? under whose expenses? You want the state to use his resources to fight against illegal bunkery while those that feed from it is in Abuja right? Just explain to me how you want the state to fight against it without spending it's resources and without the federal government benefiting from it?

The state government can build 500bpd refinery or 50000bpd refinery and put those people out of business.

the money the sector makes goes to the FG because the state government doesn't own or sponsor any refinery or oil and gas and other petroleum companies.

codemaniacs:


The state government can build 500bpd refinery or 50000bpd refinery and put those people out of business.

the money the sector makes goes to the FG because the state government doesn't own or sponsor any refinery or oil and gas and other petroleum companies.

So to your mind, if state government build their own refinery, illegal bunkery will stop? Hmm, tell me something. This shows that you don't know the meaning of the business.

Solutions should be given

Odidigboigbo:
So to your mind, if state government build their own refinery, illegal bunkery will stop? Hmm, tell me something. This shows that you don't know the meaning of the business.

It's simple logic.

Illegal businesses need customers so that their business will continue to operate.

If someone or state or federal government builds a legal version of that illegal business and sells at a cheaper price than the illegal business then that illegal business will lose customers which will lead to the end of that illegal business.

codemaniacs:

It's simple logic.

Illegal businesses need customers so that their business will continue to operate.

If someone or state or federal government builds a legal version of that illegal business and sells at a cheaper price than the illegal business then that illegal business will lose customers which will lead to the end of that illegal business.

Oga we are talking of petroleum produce not palm oil. The price of Petroleum is determined by international markets, it has nothing to do with local market. This is an international business not local business. So if Rivers state build a refinery today, bunkery will stop? You are saying as if it was only Rivers state that patronised them, you don't know the business, they refined and sell even to neighboring countries.

iampeterben:
#CleanUpPortHarcourt
Let's protect our climate.

Ogoni cleanup in 2015 wheytin special that has come out from it? Those people who are enjoying the Oil money are living in Abuja and in the North while those who don't see anything are the ones suffering from the smoke of Oil

Odidigboigbo:
Oga we are talking of petroleum produce not palm oil. The price of Petroleum is determined by international markets, it has nothing to do with local market. This is an international business not local business. So if Rivers state build a refinery today, bunkery will stop? You are saying as if it was only Rivers state that patronised them, you don't know the business, they refined and sell even to neighboring countries.

You're talking of Rivers State alone. Once Rivers or any state in Nigeria builds a refinery states like Bayelsa Akwa Ibom, Delta Edo ondo will be motivated to build their own and that will increase the amount legal refineries in that region which will indirectly push out illegal refineries out of business because the more the amount of legal businesses selling that product the lower the price

Oh

Stop buners n bunkerers

codemaniacs:


You're talking of Rivers State alone. Once Rivers or any state in Nigeria builds a refinery states like Bayelsa Akwa Ibom, Delta Edo ondo will be motivated to build their own and that will increase the amount legal refineries in that region which will indirectly push out illegal refineries out of business because the more the amount of legal businesses selling that product the lower the price

maybe building of refinery is like building market that you will just wake up and build, if is that easy why is it that FG that is benefiting from it didn't build any since more 50 years? For your information, more 30 companies has been licensed to build but till today, non of them has managed to build one. Ask Dangote that has been build one how much it has cost him so far. Please understand government, it's not a business sector.

This is the problem with Nairaland,always putting stupid news as front page. The Rivers people are dying slowing and nothing is done till date.

Odidigboigbo:
maybe building of refinery is like building market that you will just wake up and build, if is that easy why is it that FG that is benefiting from it didn't build any since more 50 years? For your information, more 30 companies has been licensed to build but till today, non of them has managed to build one. Ask Dangote that has been build one how much it has cost him so far. Please understand government, it's not a business sector.

Dangote is building a 600,000 bpd refinery at a cost of at least $7billion and it takes at most 4 years to complete such a refinery as long as funds are available.

In my comment, I said 500bpd or 50,000bpd refinery which would vary in cost from a 600,000bpd refinery.

In fact the comment below from Google proves it's cheaper:

"The capital outlay for any 100,000-barrel per day (bpd) refinery is about $1.5 billion or more, while a 24,000 bpd modular refinery is roughly $250 million".

This means that a 500bpd refinery will cost at least $6million to build while a 50,000bpd refinery will cost at least $600million to build..

Refineries are not expensive to build.

Cost of building a bungalow is cheaper than building a one story building or an estate.

Golan007:


You don't know what you are saying.

Nigerians should learn to take responsibility for their actions.

A man would kill another, we would blame government.

People would burst pipelines, we would blame government.

Illegal refineries nko? Na government we go blame.

When government goes down hard on the perpetrators then the propaganda would start.

You guys don't love yourselves or your environment.

Leave them make dem dey shift their goalposts abeg. Nothing dey carry me near SE or SS.