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Nairaland Forum / Nairaland / General / Politics / Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant (8985 Views)
NNPC To Discontinue Crude Swap, Targets Cash Payments For Petrol Imports / Ukadike Chinedu: Cabals Gain From Petrol Imports Frustrating Local Refineries / FG Spent N731 Billion To Subsidise Inflated Petrol Imports - World Bank (2) (3) (4)
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Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by nkwoemeka(m): 9:42am On Nov 13, 2022 |
This bad omen is happening because of tribalism in the country, every high position in the country are managed by incompetent tribalist rulers 1 Like 1 Share |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by Nobody: 9:50am On Nov 13, 2022 |
Nnpc is looking for a way to swindle Nigerians.They should stop this descriptive tactics. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by generalwo(m): 10:05am On Nov 13, 2022 |
I don't understand this government... Why spend so much on imports when half of it can be used to fix all the dormant refineries in the country? You spend so much on petroleum products yet the same products are sold to Nigerians at Outrageous prices..... This country is a joke!!! 1 Like |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by Yankee101: 10:08am On Nov 13, 2022 |
Lies You’re basically supplying neighboring countries Plus subsidy corruption join |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by alimiadedayo1: 10:08am On Nov 13, 2022 |
owobokiri:I can see how obedience you are I am even a BaT follower it is very easy to know obituary by thy word you shall know them 1 Like |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by Avedonn: 10:09am On Nov 13, 2022 |
traihit: Yeah it's possible that's he is just saying it for election sake, but among the 3 top candidates, he is the only one proposing such idea. But then, we can't just trust those politicians. They can promise anything just to gain power. 1 Like |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by jericco1(m): 10:44am On Nov 13, 2022 |
Pwettylinda: Stupid man |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 10:51am On Nov 13, 2022 |
Phantom233: Jonathan didn’t try anything. He only went there to build his empire, worship and pacify the North. Jonathan was as worthless as a local government councilor as Nigerian president. He was just running from pillar to post. The Nigerian oligarchy feeding fat on petrol subsidy and our refineries are monsters that 1million Jonathan can never tame. That’s why he joined them. He too has oil blocks and he is lifting fuel for export to refine. So look for another thing to say. 1 Like |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 11:02am On Nov 13, 2022 |
owobokiri: That’s your own imagination. Nigeria is not supplying those countries. You could have said Nigerians are smuggling petrol to those countries. We ordinary Nigerians are part of the chaos in the petroleum sector value chain. Right from exploration to distribution. Everybody believes its parts of hustling. Na sone go dey go until all the refineries are fully privatized, NNPC dismantled, and subsidy fully removed. I only know Nigerians would be on the street to protest, immediately any of these is about to be implemented. Nigerians want to go to paradise but they don’t want to die before going there. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by owobokiri(m): 11:09am On Nov 13, 2022 |
MeineMutter: Tell that to the marines! So why was the custom officer that just leaked a video of petrol smuggling at the northern borders arrested? Take it or leave it: there is an institutional practice of looting petroleum resources from Nigeria by a section of the country, whose loyalty lies elsewhere .. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 11:13am On Nov 13, 2022 |
Agbegbaorogboye: Thanks jare my brother. I can go in to like your comments 100 times. Sebi Saudi Aramco offered to buy it later, GEJ too didn’t sell. We don’t need government hands in anything services and infrastructure in Nigeria because we are too corrupt. Privatize so many things and Nigeria will be good. OMV and Borealis have refineries side-by-side in Schwechat beside Vienna, Austria and the two function perfectly well. One is fully owned by the UAE government and the other is partly owned the same UAE government. In Austria o. They allow it to be run by private people. Go their and see tanker trains coming to evacuate fuel to the city every night and to neighboring countries. Nothing like subsidy in Austria; nothing like queue; all their filling stations are automated. No single fuel attendants; you just drive in, slot your card, press number of liters you want to buy and dispense, hang the nozzle and go. Nobody is adulterating fuel or attendants recalibrating pumps. Reverse is the case in Nigeria. That’s why I said everybody in that value chain is corrupt - not only our petroleum ministry and NNPC. 1 Like |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 11:27am On Nov 13, 2022 |
owobokiri: That’s why I said it’s smuggling. That’s not what they call legitimate supply. Are you that d.aft? If it is a legitimate supply, there’s nothing any custom officers can say on tv. Nigerians smuggle common eggs to those countries because the countries are pure desert. Nothing grows there. Common okirika clothes sell like water there. Things are expensive there. That’s why people prefer to smuggle our petroleum products there. I lived in the North for 2 years and I know a few things about the North and the surrounding countries. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 11:38am On Nov 13, 2022 |
Johnrake69: Government didn’t give Dangote any money/cash. Government’s investment (equity) of $2.whatever billion is in form of oil crude. Once the refinery is up and running, Dangote refinery will get this oil up to that amount in piecemeal. So as government is supplying him the oil, he would keep accounting for it in its records. If it doesn’t get up to that amount, it means government equity will stop at where the crude oil supply stops. For Niger-Delta poverty and underdevelopment, you and your ancestors are the architect of your problems. You see no problems in stealing and and being corrupt. So enjoy it while it lasts. You have been divided by your ‘rich’ people and no single past and present government in all ND, put together has performed at all. I see no reason why non of the ND states shouldn’t be as developed as common Botswana or Namibia. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by OyinO: 11:40am On Nov 13, 2022 |
Wickedness! Very wicked people of a failed State. Greedy glutinous mofvckers |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by Phantom233: 11:45am On Nov 13, 2022 |
MeineMutter:I perceive anger and bitterness in your speech. Can you Name one oil well owned by johnathan? Johnathan is the best performing civilian president we be had since 1999 people only took advantage of his civility to run him down. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 11:49am On Nov 13, 2022 |
Kobonaire234: It shall be well with you. Just that this same sets of people will hit the streets to protest and be burning down public and private properties. This is a subsidy regime that started since 1979 and nobody cares to remove it 43 years after. Obasanjo was in the best position to start the removal, immediately Nigeria returned to civil rule, but he didn’t. If he had been removing 12.5% of it every year, he would have finished the removal at the end of his 8-year rule. He has the power and knows the North (who are the key beneficiaries from this subsidy) well and can lobby them and give them another thing in replacement for the subsidy but he didn’t. Buhari too has the influence to do but he doesn’t care. Only Nigerian presidents who have military and civilian backgrounds can get things easily from the North. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by Johnrake69: 11:50am On Nov 13, 2022 |
MeineMutter: What kind of misinformation is this? https://www.thecable.ng/fec-approves-2-7bn-for-nnpcs-acquisition-of-stake-in-dangote-refinery/amp It was widely reported in the media that they have even gone aged to approach some banks to raise the money for the stake. There was never a time crude supply was mentioned. Nnpc paid $2.7B for the stake as far as the available information is concerned. If you have a reputable source to back your claim I will be much interested in learning. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by owobokiri(m): 11:57am On Nov 13, 2022 |
MeineMutter: You are actually the "daftest" one here if you think that when a very top officer of whole National institution like The Nigerian custom Service, orders her personells to allow endless tankers of Oil to pass through the border to another country year in year out, that this is just smuggling and not grand institutional corruption/theft. Dey there dey prepare excuses for your oppressors |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 12:14pm On Nov 13, 2022 |
owobokiri: Those tankers are for the oil cabals. Not NNPC. If it is from NNPC, it means it is legitimate. She has no right to stop it. It means we are selling it legitimately to those countries. We are not giving them for free. Why didn’t she say we should close down the NNPC filling stations we have in other west African countries because she sees them as illegal? I know the region where you come from. That’s how you talk on anything national. And you know you and your people are the chief smugglers and counterfeit lords. It will keep paining you till you leave this world. Keep scoring own goal. 1 Like |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by pongwa(m): 12:15pm On Nov 13, 2022 |
adenigga:this bad news is enough to plunge the country onto a bloody civil war which has the capacity to break the country in many unrepairable pieces. Fortunately, we still dey Lights my poli |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by owobokiri(m): 12:26pm On Nov 13, 2022 |
MeineMutter: And you know all these by sitting in a wet corner in your dingy house? We export REFINED Petroleum products now? Can you prove this? That's, we import refined products at a very SUBSIDIZED rate and then doa "father Christmas" to all these parasitic countries by selling NOT Crude Oil, but REFINED products! Can you prove this!? You see how alarmingly daft you are? I also know where you're coming from. I don't check the names or post history of folks like you to know that you are typical agbadorians! Coming from a culture full of owambe exploits, you can only subsidize your hedonistic lifestyles through your massive support for greater looting and corruption. No wonder you and your type are angling to make a Drug Lord the president of a whole country. Criminals everywhere |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 12:27pm On Nov 13, 2022 |
coputa: May your years be longer. Nigerians forget easily. They keep shouting: VOTE WISELY. if you like, vote from now till the next century, nothing will change if we don’t change our ways. That’s why Obasanjo had the chance to start the correction but he didn’t. A lot of people on NL were born after 1995 when IBB and Abacha had left. They know nothing about what happened in the 80s. All the oil refining licenses issued by GEJ regime are still there. None of them built any refinery. Only Orient Oil did a few wobbling foundation blocks not of a refinery standard and he stopped. The license holders thought Jonathan would come for second term and he would give them take off grants. Others thought they would resell the license or do a joint venture. Now that they saw Dangote refinery taking shape, they started their …. BUA too has started it’s own. Let everybody who has oil refinery license go and build or forfeit it. Youths should hit the streets and start beating our representatives from counselors to senators. Go to ministries too and beat our uncles, in-laws, mentors, someone’s father, mother, friends etc who keep stealing from government and have out Nigeria in reverse. Let’s beat all governors out their offices and homes to a stupor and let’s set KPIs that we will both measure every year. 1 Like |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 12:39pm On Nov 13, 2022 |
owobokiri: Those countries don’t have refineries. How can you sell crude oil to countries that don’t have capacity to refine? Are you sure you are normal? I am never a politician and I don’t vote. If we choose to go tribalistic, I will serve you the hottest of it. Mind you, as your Obi has the right to contest, so also Tinubu does. So get that into your flat brain in that flat head. Ok? We saw how Obi turned Anambra to the best state in Nigeria in his 8-year (mis)rule. I assure you: his game will still cut in 2023. He won’t be president. That’s a known fact. You better start wailing from now or prepare yourself for the shock. There’s nothing all the entire Southeast can do to make Obi the president. That’s why none of your governors is following him around. The race is between Atiku and Tinubu. Please look for nearest hospital (now) that will admit you when you collapse in 2023 after the presidential election result is announced. North doesn’t forget or forgive. You easterners need the whole Nigeria to beg the North for the evil you did to them and to Nigerians. And you need to turn new leaves. Corrupt mofo from a corrupt region. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by zadokchidi: 12:43pm On Nov 13, 2022 |
And some stupid youths are campaigning for apc...ogu go kill all u there |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by owobokiri(m): 12:46pm On Nov 13, 2022 |
MeineMutter: Which countries don't have refineries? There is a brand new dubious refinery built by some unknown people in the Nigerien part of their borders with Nigeria! That's just one! The have even discovered limited oil in Niger, Ditto Cameroon and Chad! Are you sure you're normal? As for your "North doesn't forget and forgive" wails, I think you agbadorians are now clutching on straws. Anything to get your cousins from sokoto to align with your poopooing candidate. Unfortunately for you all, the so called north are aware of your laughable gimmicks and will stick with their sons. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by MeineMutter: 1:03pm On Nov 13, 2022 |
owobokiri: Mention the names of the refineries and let’s go and verify. You rely on gossips and fake news and fake hopes. That’s why Kanu was able to manipulate you. Only a few of you who had and still has education did or are doing so in the west. Have you ever seen North f.ought the west politically? I repeat: this 2023 election o, Obi will lule and there’s nothing you can do about it. Even your Reverend Fathers cannot pray against it. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by coputa(m): 1:45pm On Nov 13, 2022 |
MeineMutter:Oh my God, You are very knowledgeable about the shenanigans of our political leaders.You are a true Nigerian.Imagine, they keep deceiving Nigerians every four years that their PVC and who they vote into political office will make the country better,but alas,things have gone from bad to worst and they are waiting for the messiah to come down from the sky to help them. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by Charly68: 1:53pm On Nov 13, 2022 |
Things I thought the president would fix ,I feel so sorry my country that I don't want to vote anymore .8 years is almost gone and our refineries aren't working,tell me how we will generate power to drive our industries ..tell me how we can create job for the jobless youths .. |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by coputa(m): 2:00pm On Nov 13, 2022 |
MeineMutter:Point of correction. The federal government gave Dangote money through the backdoor, they gave him foreign exchange at the official rate to import equipments build his refinery, that's is a huge lost to the country. 2 Likes |
Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by jamace(m): 2:29pm On Nov 13, 2022 |
Eriokanmi:I fully support your idea. Legalise the illegal refineries and lets have fuel supply. NNPC is a mighty drain pipe.
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Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by jamace(m): 2:31pm On Nov 13, 2022 |
Charly68:
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Re: Petrol Imports Gulp ₦17 Trillion, Refineries Stay Dormant by Nobody: 3:01pm On Nov 13, 2022 |
MeineMutter: The reason why the subsidy is not gone (and it has been there since 1973) is not because of 'The North'...and the North does not benefit directly from subsidy. The reason is simple. If subsidy went by September 2022, the price of fuel will go up to N492 per liter. Maybe as high as N500 per liter. That would mean higher prices from most small and medium scale enterprisies and businesses...and higher transport costs...which mean, in the interim, higher food prices. That is politically expensive. It has nothing to do with the North, and everything to do with Nigerians not being willing to pay higher prices for fuel or for food, and a host of other things. The marketers, and importers, and NNPC won't be directly affected...infact they would have enough profit to ensure fuel would flow easily. No Nigerian leader up till today wants to remove subsidy. Even the three main candidates are talking about removing subsidy, but won't be willing because it would spark riots nationwide...that would make ENDSARS look like child's play. I have talked about removing subsidy on this site for a long time. Guess who are the people that abuse and curse and shout and call me oppressor....they are mainly Southerners. Smuggling even is not just a Northern acitivity...it is also done by big Southern businessmen, and by hundreds, if not millions of Northern and Southern young people. (I even confronted one SOutherner involved in smuggling on this site....yes, he was a Southerner.). TLDR: The problem with subsidy is not the North, it is the fact that Nigerians want cheap fuel. 2 Likes |
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