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Nairaland Forum / Nairaland / General / Politics / ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele (16082 Views)
Emefiele Pumped ₦10Tn Into Economy Through Quasi-Fiscal Activities – Cardoso / Marketers Disagree With Taiwo Oyedele On Refineries Sale / Nigeria : ‘china Closed Its Borders For 40 Years And They’re Better Now’ -NCS (2) (3) (4)
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Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by ufotunang: 12:18pm On Oct 03, 2023 |
Funkyswagzz:....are you sure that tinubu is saying the truth ? |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by ufotunang: 12:22pm On Oct 03, 2023 |
valentineuwakwe:..you should know in the government sector there is always corruption going on...so some government officials, NNPC top executive staffs would divert the money to their bank accounts and enrich themselves 1 Like |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by ufotunang: 12:23pm On Oct 03, 2023 |
Dshocker:..the wealthy and rich nigeria billionaires in the private sector can buy it and operate it |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by pepericozi: 12:24pm On Oct 03, 2023 |
That N10 trillion is enough to build another refinery. Go to Niger Delta and other regions where individual have a refinery you called illegal. Stupid people. . |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Abagworo(m): 12:24pm On Oct 03, 2023 |
Once again Obasanjo wins. He remains the best President in history of Nigeria. The worst is between Tinubu and Yar'Adua. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Kukutente23: 12:37pm On Oct 03, 2023 |
nairalanda1:I'm not asking you to agree with me either What I'm showing you are facts Even if you want to take a position, do so based on facts not lies |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by nairalanda1(m): 12:38pm On Oct 03, 2023 |
Kukutente23: Yeah, whatever rocks your car. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Kukutente23: 12:43pm On Oct 03, 2023 |
nairalanda1:Pfft
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Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Nobody: 12:56pm On Oct 03, 2023 |
nairalanda1:Mumu! The money wey Dem waste for your head take send you go school, Dem for just dash Almajiris! |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Nobody: 12:58pm On Oct 03, 2023 |
Kukutente23:Thank you very much jare! Waa gbayi! |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by ceejay80s(m): 1:00pm On Oct 03, 2023 |
Even DANGOTE brand new refinery no cost reach 10tr naira |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by pocom16: 1:01pm On Oct 03, 2023 |
ufotunang:Port Harcourt and warri refinery are under rehabilitation |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Cmeo(m): 1:03pm On Oct 03, 2023 |
Oyedele was right. In this vast capitalist knowledge economy, those refineries equipment are most likely obsolete and may not fit for this time. They are better sold as scrap. if care is not taken, Dangote refinery may find itself in this shoe too. Equipment manufacturers are making new equipment so as to make new money. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Fearyourcreator: 1:13pm On Oct 03, 2023 |
EmmyDJourno:I no go school... oya cry again... mumu ... go buy am na |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by ufotunang: 1:28pm On Oct 03, 2023 |
pocom16:..and are you sure those refineries will work...?... since 1999 till now they have been on rehabilitation...more than 20 years on rehabilitation but not working |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Dshocker(m): 1:40pm On Oct 03, 2023 |
ufotunang: "A wealthy and rich billionaire".... Dude, you are funny. Whom were you expecting to buy it before, a millionaire or thousanaire? Of course, you have to be a fVcking billionaire to buy the refinery. Each of them is valued above $5b. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by BigIyanga: 1:44pm On Oct 03, 2023 |
This is the best decision. OBJ did it and it was reversed by Yar’dua |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by ufotunang: 2:15pm On Oct 03, 2023 |
Dshocker:...ok during Obansanjo administration... Obansanjo sold refinery to Dangote and Otedola at 2006 to operate and run them...but Musa yaradua at 2007 cancelled the sell of the refinery... refund Dangote and Otedola their money and Musa yaradua said he the federal government will repair the refineries... Musa yaradua spent billions of naira to repair the refinery but the refinery could not work ..because of the government officials diverting the money to their Bank account to enrich themselves |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by sulaak(m): 2:21pm On Oct 03, 2023 |
princeade86: OBJ is wrong. All four refineries can work, they just can't work if Nigerians are in charge of them. Nigerians are too destructive and incompetent. privatise part of the refineries with a non-Nigerian management team and you will see the different. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Faposky95: 2:25pm On Oct 03, 2023 |
... question is to whom...?! To Nollywood...to start better action movies.....tired of same big mass mas showing off lazisexy..... |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by BigIyanga: 2:55pm On Oct 03, 2023 |
ufotunang:The primary reason why I still hate Yar’dua’s govt. He cancelled the sale and pumped $bns in repairing it and it didnt work. Subsequent govts pumped $bns, gave Dangote $bns in FX… and NNPC stilll invested $4bn in his new refinery. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by nairalanda1(m): 3:11pm On Oct 03, 2023 |
FOJEM: If it makes you feel better. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by pocom16: 3:22pm On Oct 03, 2023 |
ufotunang:PH refinery will work.. all those years what was being done was TAM or regular maintenance ..the previous administration devised another way to bring it back to life.. the same contractors that built it are the ones repairing it now.. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Kingking001: 3:23pm On Oct 03, 2023 |
Smh |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by MomohMrMoore: 5:47pm On Oct 03, 2023 |
Its 10trillion naira shared among them, not spent on the refinery. The monies were taken out for the refineries but shared among all the corrupt people involved. 1 Like |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by PARADIZEPRIEST: 5:54pm On Oct 03, 2023 |
may GOD ALMIGHTY PUNISH all those who chop from that 10trll turnaround money and turn their necks. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by PARADIZEPRIEST: 5:55pm On Oct 03, 2023 |
PARADIZEPRIEST:NAIJA NO GET REFINERIES,ALL THOSE OBSOLETE 1920 MACHINES THEY ARE USING TO CHOP OUR MONEY SHOULD BE DEMOLISHED AND SOLD AS SCRAPS. GET US MODERN REFINERIES FROM USA TECHNOLOGIES.ALL THE BILLIONS YOU BORROW FOR 23YEARS WOULD HAVE SAVE NAIJA MONEY IF WE HAD 2 STANDARD BLUETOOTH REFINERIES |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by princeade86(m): 6:42pm On Oct 03, 2023 |
sulaak:but when atiku said he will privatize everything, they called him all sort of names |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Oracabessa: 7:29pm On Oct 03, 2023 |
Majority of them are hypocrites... EmmyDJourno: 1 Like |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by Bar1941(m): 3:46am On Oct 04, 2023 |
EmmyDJourno: I am wealthy enough to buy your entire generation and two generations to come. Every elderly people in your family starting from the particular one that brought a miserable animal like you to this world are fools. |
Re: ₦10tn Spent On Refineries Yet They Don’t Work, They’re Better Off Sold - Oyedele by careidon: 8:40am On Oct 04, 2023 |
The Tax guy was simply saying the nation thru NNPC can't manage the corruption involved in the refineries! Just like it couldn't with selling crude & refined products. Not financially transparent or profitable. It's a though decision, we would not get near N11t if it's sold (and it's not worth that 2nd-hand value anyway) the money was wasted and embezzled. Let it be given to the privates or even the "illegal" operators with government holding majority shares and you'd see the refineries work... It has nothing to do with age of the refineries (1965, 80 and 88) Lots of older refineries including Shell' Marshall Refinery in California built 1915 are still working. |
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