Sangoamadioha1:




As long as they have started fixing, they will eventually fix that one.
The man is not happy that we want to start refining oil locally, that is the reason for fault finding.

Hahahaha!!! I laugh in akwaibom,

.saw the interview on channels. I must say after watching it, I came to the conclusion we have just wasted another $1.5b
2 things in particular he said.
1: We are only going to get 25% PMS yield per barrel whereas the current standard is closer to 50%
2: the grade of PMS from that old refinery is inferior and can only be improved with the addition of lead. Leaded petrol has been banned. We may just have spent $1.5b to fix a refinery to produce petrol we cannot use or that will damage modern engines

Let's assume we go ahead and produce from this refinery as you are suggesting, only old model cars of the 70s, 80s, some late 90s and early 2000s can use it, unless it's leaded, but leaded PM's is banned, so we are stuck, again, most cars in Nigeria are about 21 year and below, so we end up with a petrol that damages our engine.
Secondly, at 25% extraction efficiency, instead of 50%, it means that we will be producing at a loss due to the fact that the refinery can't produce shale oil which makes up the remaining 25% to balance up, profit is around 22% margin, remove that from 50%, it gives us 28%, in other words, production cost will be pegged at 28%, now if you minus 25% this refinery will give us, we ends up with 3% loss for every barrel produced.
Thirdly, it will cost 15times less, ie $100m to build modern modular refinery of same capacity, with higher efficiency and lower production cost to run.
I hate to admit it, but he's right and Nigerian government is on fraud mode.

Ojuntana:



Did you zombies read his submissions or you just want to zombiefy as usual 🧟‍♂️ 🧟‍♂️ 🧟‍♂️

Why will govt be fixing a 58 years old refinery when there's one much younger, bigger and better just nearby that can be fixed?

That is being fixed too. Just that the old one is scheduled to be ready first before the new one

Sangoamadioha1:
This man is part of people that destroyed our refineries. He was MD of two national refineries and they collapsed.
Now government is fixing one, he is not happy.
God over them.

please read before you comment. The man said as the time he was MD the refineries were working and no need for importation.

Sangoamadioha1:
This man is part of people that destroyed our refineries. He was MD of two national refineries and they collapsed.
Now government is fixing one, he is not happy.
God over them.

how many years have the government keep selling you lies about fixing the refinery or revamping it

coleon:

Despite all efforts to correct your zombie brain you are still adamant in your shallow thinking.
The refineries did not collapse under the man you are pointing fingers at, the refineries worked under him and not a single fuel was being imported throughout his time, infact he stated that Nigeria was exporting refined products.
So what exactly is your point of argument?

No need arguing with you, just goggle when Nigeria started importing fuel then correct yourself.

people like this should simply keep quiet!he is one of those that ruined the refineries!!

this MAN don expose the LIES

Zonefree:
No refinery will work in Nigeria, even in December 2035.

Volume please, for those of us at the back!

WASTE??
the money will go somewhere else

casualobserver:
I saw the interview on channels. I must say after watching it, I came to the conclusion we have just wasted another $1.5b

2 things in particular he said.
1: We are only going to get 25% PMS yield per barrel whereas the current standard is closer to 50%
2: the grade of PMS from that old refinery is inferior and can only be improved with the addition of lead. Leaded petrol has been banned. We may just have spent $1.5b to fix a refinery to produce petrol we cannot use or that will damage modern engines.

frog12:
WASTE??
the money will go somewhere else

Yeah if Ogedengbe’s observation turns out to be right (as the project manager for the construction of PH2 and a former MD of the refinery, he should know), then it is a waste.

If the PMS produced is not fit for use, then what’s was the point?

the MAN dey reveal a lot. someone in NNPC dey steal money:


He stated that although during his time money was usually budgeted for maintenance, but such monies were never fully released by the NNPC headquarters. To augment this, he said the Kaduna and Port Harcourt refineries at the time he was the managing director, went out of its way to begin the production of tins and drums to survive. Every month, we will receive between 50 and 60 per cent of our budget. We are supposed to pick up the rest somehow. You have to be imaginative.


On why monies were not fully released for maintenance during his days as head of the refineries, Ogedengbe stated that the question should be directed at the corporate headquarters of the NNPC at the time which controlled the budget.

we dey say the money is being stolen as we speak. the man is revealing a lot.

casualobserver:


Yeah if Ogedengbe’s observation turns out to be right (as the project manager for the construction of PH2 and a former MD of the refinery, he should know), then it is a waste.

If the PMS produced is not fit for use, then what’s was the point?

Sangoamadioha1:



My argument is that he is part of the problem and he is not happy petrol importation will soon stop. This is my opinion based on how i see it.
Because govt is not working on the one he wants then what government is doing is rubbish.
Pray, does he have monopoly of knowledge. The government, after due diligence, say this is the one we are starting with but Mr knowledgeable, who watched refineries collapse under him, says no it must be done his way or it won't work.

Ps Even under Abacha we were importing fuel (if you remember the time bad fuel came into the country during Abacha's time). The refineries started their decline under Mr knowledgeable's time.

You are expending a lot of effort to make this gentleman look bad before us.

You even went as far as assuming.......and even broadcasting the assumption that being a former M.D he must be involved in some dirt/fraud or another.

You will have heartbreak the day you did over that some people have attained great heights in government, worked their bum off without stealing a dime from public coffers.

If you had listened to the interview you would have known that this man is one person who tried his best in the circumstances he worked. That's the best he could offer then and that's what he did.

Sangoamadioha1:
This man is part of people that destroyed our refineries. He was MD of two national refineries and they collapsed.
Now government is fixing one, he is not happy.
God over them.

Oga, you didn't read what he's saying.

I watched him yesterday on channels TV and I want the NNPCL or the contractor to react to his claims.

I want to know why they chose to fix the older one over the newer one.

ONNYX:


You are expending a lot of effort to make this gentleman look bad before us.

You even went as far as assuming.......and even broadcasting the assumption that being a former M.D he must be involved in some dirt/fraud or another.

You will have heartbreak the day you did over that some people have attained great heights in government, worked their bum off without stealing a dime from public coffers.

If you had listened to the interview you would have known that this man is one person who tried his best in the circumstances he worked. That's the best he could offer then and that's what he did.

I watched the interview and I have to salute this man.

Everyone knows but the president believes their lies. These guys need to be changed

frog12:
we dey say the money is being stolen as we speak. the man is revealing a lot.

The money is being stolen and the money is being wrongly spent are 2 different things. Nobody is saying the money is being stolen.

I am a teetotaler, I give you money to buy me a drink. You come back with beer. You have wasted my money even though you didn’t steal it because beer is of no use to me.

If what Ogedengbe is saying is true then the petrol from this refinery is useless. The only thing we will get is diesel and kerosene.

alfajohn:
please read before you comment. The man said as the time he was MD the refineries were working and no need for importation.

Hmmm...we have investigated ourselves , and found ourselves NOT GUILTY.

make it make sense.