GemUnique:

I'll be glad if I learn from you

ojun50:
Who import am

Originalsly:
People need to be held accountable. Who was in charge of verifying the quality of fuel at the loading point? On arrival in Nigeria who was responsible for checking the quality?.... and at the fuel depots aren't they supposed to also check the fuel? How can there be sooo many slip ups? These responsible need to be in court and be open to pay for damages due to their negligence. Our problem is people.do what they want to without consequences.

Whyedu:
Nice one this time

weblord1900:
It's just recently I learnt that Nigeria imports petrol. I thought we're rich in oil. That we have everything.

BigDawsNet:
A 61 year old country
A country with 8 Billionaire
A country with 15,400 Millionaires
A country with 150m Thousanaires


And we cannot build a single functional refinery!!!

OmegaAutos:


[s]Pilippine is poorer than southeast and Ukraine will soon be bombarded and may end up being like deserts in the north, why urge people to go and study there?[/s]

BigDawsNet:
A 61 year old country
A country with 8 Billionaire
A country with 15,400 Millionaires
A country with 150m Thousanaires


And we cannot build a single functional refinery!!!

backbencher:
[s]A lot of people are here screaming and shouting...but no one is asking why

1.In the begining, we refined fuel here

2.In 1973, government brought in a subsidy...which meant that part of the profit that the industry got from selling petrol was offset, but at the end, refinereis were allowed to make a profit.

3.From 1988, Government did something nice...they forced the refinereis to sell fuel at a price lower than its cost of producing it.

4.Even then, at the end of the day, refineries did not make enough profit, the subsidy paid did not cover their losses, and by 2011, we had lost all our refining

5.So, we sent fuel abroad to refine...to countries like Belgium and Holland. But here is the thing

Our crude is refined in substandard refinereis in Belgium and Holland...which is why the PMS sold here is very bad quality.

Now, here is how much gasoline would cost refined in standard belgian and dutch refinereis

Belgium: N809.59
Holland: N961

Now imagine the subsidy cost needed to keep it low......at N163.[/s]

Dorcmass:
na why goD created leg for me
abeg if dey wan increase price
they should increase it

GemUnique:
Smh

This is what we get when we can't use what we have

Abundant Crude Oil yet we import. Who cursed Nigeria?!

verybadmouth:
If our refineries were working optimally, we wouldn't be talking all this nonsense now. Foolish Govt

backbencher:


Because you guys would insist on buying fuel at N100 and below, even if it cost N300 to refine that liter of fuel

That's why we lost our refineries, and why, unless your name is Dangote, and you have the collateral for loans for building the refinery, none of your billionaires, millionaires would be interested in building refinery. They don't want to lose money.

A businessman does not run a charity. They too want to recoup their investment and make profit...not just so that they can build big mansion to house their fifth wife, or sidechick, but also to pay for expansion, maintenance, upgrades to the refinery, as well as staff welfare (the last is important, because no one is going to work in the oil industry for N20000 salary a month. )

We lost our 4 NNPC refinereis because we ran them at a loss in the name of subsidy

Businessmen also don't like government setting their prices, because government won't let them make a profit.

So, they keep away from refinereis.

wifeesnatcher:
shameless country, ordinarily if all this money you're borrowing was used to build at least four Refineries in Nigeria, the issue of adulterated and subsidy won't be coming up



foolish Government (FG)

Donlamzy:
A oil producing country importing petrol, what a shame

executive12:


Nigeria has no real billionaire. Most are treasury looters.

BigDawsNet:



I get your point

But what's the solution now

We can't continue to refine outside, tho DANGOTE is working towards solving the issue but are we going to rely on DANGOTE alone

Evolutionlove:
When seagulls follow the trawler it is because they think sardines will be thrown into the sea,

backbencher:


Simple enough

Allow the market to set the price of petrol

Yes, we would spend high , but we would incentivise domestic refining eventually.NNPC might make enough of a profit to even take loans to repair and rebuild refinereis.

georgeakins:
Why can't a state like Lagos build a refinery?

BigDawsNet:



Good point
But in a country like Nigeria, what's the percentage of that happening.

stevnwigw1:
Fear oyigbo, very wicked people, the last time I checked Belgium is not an oil-producing country, yet has a functional oil refinery.

MansoryMX:


If Nigeria Government is not tribalistic they would have bundled up all those illegal bunkery refining fuel and use them by building mini refineries around those South south regions to meet Nigeria’s demand for fuel.

Jostoman:
They should stop all this nonsense they are doing because they want to increase fuel pump price.

tenpipsperday:
Buhari government will destroy refineries in niger delta that produce clean pms and label them illegal but will go to Belgium to import nonsense from the legal refineries.


Who else believes with me that buhari is a curse on the people of this country.