Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,763 members, 7,820,653 topics. Date: Tuesday, 07 May 2024 at 06:52 PM

Petrol Imports Gulp ₦‎17 Trillion, Refineries Stay Dormant - Politics (3) - Nairaland

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)

(1) (2) (3) (4) (Reply) (Go Down)

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:

Stop quoting me to talk rubbish.
This is not one of your agbadorian chat groups
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:


Atike has not even displayed much zeal in changing Nigeria compared to how much Buhari did. Yet, Buhari failed. Isn't that an indicator that he would fail should he become the president?

Judging by the fact that both Buhari and Atiku belong to the same generation

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:


You have no brain

Zombie

Stupid man
Re: Petrol Imports Gulp ₦‎17 Trillion, Refineries Stay Dormant by MeineMutter: 10:51am On Nov 13, 2022
Phantom233:
Those holding this country to ransom are the ones benefitting from the non-functionalities of our refineries. The only solutions is to elect a president who will destroy their cabals. Johnathan tried doing such that's Why the conspired with the INEc chairman and deprived him of second term.

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:
Rogues!
Petrol imports gulp these much simply because we are the ones supplying all the fulani republics in West Africa. Like Peter Obi said, we are importing 4 times the amount of fuel being used by countries of similar size like us, eg: Pakistan. So where are the whole products going to?

They are being shipped to Niger, Northern Cameroon, Chad and Northern Mali them. The North has caliberated a very effective imperialist scheme of looting the resources of the whole country and using same to enrich their tribal kiths and kins in different African countries. This has gone for far too long, it now has to stop.

Obviously, "Fuel subsidy" in Nigeria, is the biggest fraud going on anywhere in the whole world. This fraud generates billions weekly for the crooks in power and their subordinates. The calculations are spurious. These are all elite invented projects to defraud a country they NEVER believed in but are willing to kill for, because it's their cash cow.


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:


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.

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:

One of the biggest mistakes made by Yaradua was reversal of the sale of refineries to Dangote. We're still paying for that bad decision till today. Whenever Dangote refinery is having challenges coming on, FG and its incompetent protege NNPC will quickly rush towards the moribund refineries as if they have the magic wand to make it start operating normally.
The fact is those refineries need to be handed over to business minded people, or the govt should at least hand it over to full blooded technocrats to run in a caretaker role pending when they can be sold.
Subsidy exists. Buhari can now testify. It's how to get it out of the system that's a major bone

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:


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 ..

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:



What you stated here is the only way to turn things around in Nigeria. That $2.7B Nnpc gave to Dangote could have been used to empower lots of modular refineries in the Niger Delta.

It's small businesses that will lift Nigerians out of poverty.

We Niger Deltans have to be smart. The agitation should include modular refineries. So we can pump out as much fuel as possible.

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:


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.
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:
The only way a new government can stop importing fuel is to remove fuel subsidy

That is the first step.

Remove fuel subsidy, allow the market set the price, and refining crude oil becomes profitable

You cannot sell something that costs 500 naira at 180 naira and expect miracles

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:


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.

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:


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.

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:


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

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:




Source: https://punchng.com/Petrol-imports-gulp-N17tn-refineries-stay-dormant
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:


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.

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:
Nigerians are short-sighted, they are not good students of history.Our refineries started going down during the military regime of IBB and ABACHA,they gave the TAM job to their cronies,which was never done,the rot started from there.When, OBJ,took over, remember he was installed by the Fulani's,he continued in their part to destroy the countries refineries,he started the round -tripping game of taking the crude outside to the refineries they built in other countries to refine and bring back to the country at a huge cost,
GEJ followed the same pattern,it only became glaring during this incompetent administration where nothing works.It is even more annoying to note that those jostling for political positions in the country now are part of the problem.Nigerians need to revol against these self serving and unpatriotic political leaders.Our PVC cannot bring the desired change.

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:


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

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:


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.

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:


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.

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:


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.
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:


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.
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:
Any serious-minded government next year should forget any form of TAM on our refineries. Privatise them all and issue modular refinery licences, not the type of selective issuance as witnessed in this government.

This should shock Nigerians...

Diesel refined from those illegal refineries are as pure as the imported ones. Anyone who had worked around the creeks in the past wouid affirm this. Invite them, give them the needed skills, empower them to do more by issuing them licences with financial back up but with close monitoring. Fuel go be like water in Nigeria. Then, stop subsidy completely and improve surveillance at the creeks. As of 2 days ago, an illegal vessel loading crude was still intercepted.
I fully support your idea. Legalise the illegal refineries and lets have fuel supply. NNPC is a mighty drain pipe.

Re: Petrol Imports Gulp ₦‎17 Trillion, Refineries Stay Dormant by jamace(m): 2:31pm On Nov 13, 2022
Charly68:
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 Nobody: 3:01pm On Nov 13, 2022
MeineMutter:


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.

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

(1) (2) (3) (4) (Reply)

PDP Vows To Dislodge ACN From Southwest. Dream Of The Century! / Faroukgate: Police Uncover Fresh $10m Bribe / Power Generation Was 6000MW In 1990... True??

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 87
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.