kenny714433:


Keep the production aspect aside, let's discuss the point I raised earlier. Ask yourself, why are the industries not working despite all the money being sunk into them...

As a successful business owner, won't it be to look at the statistics available and make useful comparison to arrive at a reasonable conclusion? When PO was busy spitting fact and quoting data, didn't your Asiwaju ask Na statistics we go chop?

The very reason he came back and did exactly the same thing that others did and he's expecting a different result.

Look at PO records, corruption and government wastefulness would have significantly reduced.

If corruption is drastically reduced, don't you think all these government industries will start functioning?

ElSudani:


This is exactly what Tinubu's government is trying to do and some people are bent on frustrating him.
Some Nigerians are addicted to instant gratification, they only care about the benefits they can get now, not a week, a month or a year from now.

Adabestseason:
Useless talk after finishing your own,you assisted Goodluck to fail,even with so-called inter/transnational experiences

ElSudani:
You are right. Now we have a government who recognizes the problem and is working hard to fix them.
The reforms are by no means easy and comes with some initial pains but it will eventually put Nigeria on the right track.

Fujiyama:


^^^


Where is this 'hard work'?

The two signature policies of this administration are clearly not working. One ('fuel subsidy' removal) has quietly been reversed but of course, no public confirmation from government officials. The other (unification of exchange rates) is turning out to be a case of catch the wind if you can. So where is this 'hard work'?

Reforms? Why do they only apply to ordinary Nigerians?

One of the biggest problems of this administration is its utter hypocrisy and total lack of sincerity. Ordinary Nigerians are constantly lectured by government officials to tighten their belts - but that rule clearly doesn't apply to BAT and those who work with him. Now that they are in government people can see right through them. The Tinubu administration is incapable of leading by example and that will be its undoing. Sensible Nigerians can see what was spent on the UNGA jamboree. They can see the abuse of presidential aircraft by BAT's family members. They can see the vehicles that lawmakers have bought for themselves at a time when ordinary Nigerians can't feed. They are watching and taking notes.

Admit it: BAT has started failing hard, and once an administration starts going down that slope, there's usually no way back.

mrvitalis:
For me I would disagree with the formal minister on petroleum ( we dont have comparative advantage in refinery... Our cost of producing crude is even too high to start with)

ElSudani:
What do you know about policies and how they work?

Fujiyama:


^^^
Your question comes across as an insult but I'll give you the benefit of the doubt and respond properly.

I read up as much as I can on government policy, listen to the experts and above all, look at the evidence around me. That's how I get to know about policy and how it works.

ElSudani:

You can start by explaining to us what you expect your ideal president to have accomplished in the four months since Tinubu became president.

Fujiyama:


^^^
Your point isn't clear.

Cost of producing a barrel of crude or cost of refining a barrel of crude into various products? What numbers do you have?

ElSudani:


Once again what do you think your most competent and ideal president should have accomplished in the last four months?

Fujiyama:


^^^
I live with my feet firmly planted in the real world. An 'ideal president' is a mirage, an illusion. The real world deals with flawed human beings and our job as voters and taxpayers is to hold them accountable.

I am not going to get into the fantasy of discussing what ideal presidents would or would not have done. That is a waste of valuable time. Bola Tinubu is the president today and he is the one who must be held accountable. I have already spoken about his two key policies that are unravelling before our very eyes. Those policies were very poorly executed and there's no argument about it. What was the point in that hasty, ill-advised announcement of 'fuel subsidy' removal if the same subsidy has been restored today? What was the point?

The only thing left to complete this completely unneccessary sequence of avoidable BAT policy somersaults will be if this administration suddenly decides to run down external reserves to defend the currency - which will take us back to where we were during the Buhari years. We are all waiting to see if that will happen.

Is the above enough 'policy' talk for you?

seunmsg:
We don’t have the forex to defend the Naira quite alright but Nigerians are not helping matters. We have a dollar shortage crisis and Nigerians are busy stockpiling dollars at any amount simply for speculative reasons. What is going on is really scary.

We may hit 2k for a dollar before the end of the year with the way things are going. CBN needs to go back to the crude method adopted by Emefiele. Whatever it is they are doing with the PH and Dangote refineries, they should please hurry it up and start production. There will be a huge rally for the Naira once we stop importation of petroleum products. These are the short term measures to stop the free fall. Manufacturing what we need in Nigeria and for export is a long term solution.

jesmond3945:
will dangote buy crude with naira or dollar?

ElSudani:
Exactly what I thought, you can't even tell us what you think this mere mortal Tinubu could have done in four months to turn Nigeria around.
I will tell you the honest answer, he is taking the steps any right thinking leader would have taken.

Fujiyama:


^^^
There's the Oronsaye Report.

There's the Joda Report.

There's the 2014 NC Report.

Among many others.

Instead of carrying out real reform, reform that really matters - BAT chose to play to the gallery. What kind of lasting reform can you have in this country without public sector reform? But instead of taking up that challenge, the administration chose to engage in propaganda. Well, as will soon be found out, propaganda has limits.

mrvitalis:
Crude is close to 100k a barrel, transportation, cost of refinery

Then you produce 65 litres of petrol, 45 litre of diesel keep around 30 the rest is almost useless

So say you spend 135k pee barrel how much would u sale?

You can't say less than 1500 a litre toake good profit

ElSudani:
You are just regurgitating some irrelevant things here. My question is quite straightforward. What do you expect Tinubu to have accomplished since he became president? Simple.

Fujiyama:


^^^


You're not serious.

Since you have decided to be obtuse, I'll spell it out for you: I expect your principal to have implemented the recommendations of the 'irrelevant' Oronsaye Report and the Joda Report among others. I hope it is clear now?

ElSudani:
I will take this to mean your criticism of Tinubu is baseless.

ElSudani:
Did Tinubu commission these reports to start implementing them as soon as he got into office?

seunmsg:
We don’t have the forex to defend the Naira quite alright but Nigerians are not helping matters. We have a dollar shortage crisis and Nigerians are busy stockpiling dollars at any amount simply for speculative reasons. What is going on is really scary.

We may hit 2k for a dollar before the end of the year with the way things are going. CBN needs to go back to the crude method adopted by Emefiele. Whatever it is they are doing with the PH and Dangote refineries, they should please hurry it up and start production. There will be a huge rally for the Naira once we stop importation of petroleum products. These are the short term measures to stop the free fall. Manufacturing what we need in Nigeria and for export is a long term solution.

LikeAking:


I have told you to focus on developing ya free stuffs website (Your future), instead of thinking how to develop P Tinubus future..

If you exact the time and energy you spend on Tinubu matter on ya free stuffs website, by now you go don make am..

Think am..

Focus on ya self, leave Pa Tinubu to fight for him self..

The poor always help the poor build their future and forget to build theirs..

Fujiyama:


^^^
No it isn't.



^^^
No he didn't commission these Reports. Your point is...?

Fujiyama:


^^^
Ok...I'm still not sure I understand you.

Are you trying to say that it is uneconomical for refined petroleum products to be sold at their current prices?

ElSudani:
I will find it extremely weird that Tinubu will come into office and immediately start implementing reports he didn't commission in his few months in office.
Maybe he will or not in future we don't know. But it would have been extremely odd if he did that.

ElSudani:


I will find it extremely weird that Tinubu will come into office and immediately start implementing reports he didn't commission in his few months in office.
Maybe he will or not in future we don't know. But it would have been extremely odd if he did that. Did he not have his own plans?

seunmsg:


Since he’s going to sell in Naira, he will buy crude in Naira as well.

ElSudani:


This is exactly what Tinubu's government is trying to do and some people are bent on frustrating him.
Some Nigerians are addicted to instant gratification, they only care about the benefits they can get now, not a week, a month or a year from now.

jesmond3945:
just like nlng is buying with naira lol

seunmsg:


NLNG is not selling in Naira so there is a difference.

As regards Dangote, check the link below.
https://www.thecable.ng/pib-nigerian-refiners-to-buy-crude-oil-in-naira/amp