nairalanda1:


and with the way government is fixing prices in the power sector, I am already doubtful they will be serious on that

It does not make sense for the government to stop subsidizing the power sector at this point we are right now.

The effect of the subsidy removal and devaluation of the naira is still having a negative effect on millions of Nigeria.

Raheeqilmaktoom:


They just cant stand the fact that the man is no 'developer'. If he were, they would have awarded him Oscars and he would be in the Guiness world record with the title 'the greatest man to ever walk the earth from ****'.

You really know IPOBDIENTS

bekpo:
If u investigate properly, u will understand that d allege imported crude is Nigerian crude oil exported n imported.

Yup, time for that grand colonial era crude oil scheme to finish.

bonnyhope:


Wait and see if you will get refined product by January

You guys are too gullible

You forget that some people work in the facility and they are on this forum

You work in the facility abi you know someone who work in the facility?

socialmediaman:
Tinubu built the refinery just like he built Lagos, now building Nigeria

Wail more

yommen:

Ijo yooyo..

Fuji ropupu

gbaskiboy:
Why are they importing crude oil don't we have any crude oil again.

It's Nigeria crude but it has to be shipped to Lagos not by tankers

Nice one

Ikaeniyan0:
It does not make sense for the government to stop subsidizing the power sector at this point we are right now.

The effect of the subsidy removal and devaluation of the naira is still having a negative effect on millions of Nigeria.

Well, on the other hand, years of subsidisng power is why we don't have light 24/7.

Power is supposed to be run as a business, not as a charity. Simple and short.

We did not run GSM as a charity. People were saying that government was allowing the GSM companies to beat us up, and we was poor and broke then. But govt then did not listen, and thanks to the government not listening....the GSM companies used their profits to build up the current telecoms and internet infrastructure that we have today.

We can keep lying to ourselves that power is cheap, or we can face the truth. People like you, when GEJ was in charge were blaming government. Now, the other side is blaming government, while you are saying we are too poor..and defending government

But the simple fact is, we cannot be paying below market price for power, and expect 24 hours a day power supply, seven days a week.

Ikaeniyan0:
Good news


I know someone working at the Dangote refinery, and he said the refinery will start refining in 2025 crew in the mud


The ship carrying the crude will arrive Lekki tonight in 3 hours time

That person lied to you.

As if it will reduce the price of fuel to 167 naira.

Rayd502:

Not Audio...Ship OTIS just arrived Lekki.

i cant find any ship here sir

londonzona:
I pity your like, a crude producing country is now Importing crude.And you see nothing in there

Dey try read shaa make you no come online dey disgrace yourself

fregeneh:
i cant find any ship here sir

That is Ship OTIS off the coast of Lekki...I had to zoom it so it will be more visible.

nairalanda1:


Well, on the other hand, years of subsidisng power is why we don't have light 24/7.

Power is supposed to be run as a business, not as a charity. Simple and short.

We did not run GSM as a charity. People were saying that government was allowing the GSM companies to beat us up, and we was poor and broke then. But govt then did not listen, and thanks to the government not listening....the GSM companies used their profits to build up the current telecoms and internet infrastructure that we have today.

We can keep lying to ourselves that power is cheap, or we can face the truth. People like you, when GEJ was in charge were blaming government. Now, the other side is blaming government, while you are saying we are too poor..and defending government

But the simple fact is, we cannot be paying below market price for power, and expect 24 hours a day power supply, seven days a week.

Government will eventually remove subsidy on power, but not at this point in time. Let Nigerians recover from fuel subsidy and the naira devaluation first

seunmsg:


Cement and petrol are not the same. Petrol affects everything in Nigeria and cement does not. Almost half of our forex earnings goes into importation of fuel and saving that is huge.

Very wrong analogy, go do a comprehensive research, Cement is one of the main aliment needed in infrastructural development, no one can do without it, Cement is the B in your ABC of development. Everyone in NIgeria need cement but not everyone needs Petrol.If the importation of cement was not banned the volume of cement imported will be way more than that of Fuel

SeeWahala:
So nigeria now imports crude oil?

You don't know how to read ni, or you can't comprehend what was written?

nairalanda1:


Well, on the other hand, years of subsidisng power is why we don't have light 24/7.

Power is supposed to be run as a business, not as a charity. Simple and short.

We did not run GSM as a charity. People were saying that government was allowing the GSM companies to beat us up, and we was poor and broke then. But govt then did not listen, and thanks to the government not listening....the GSM companies used their profits to build up the current telecoms and internet infrastructure that we have today.

We can keep lying to ourselves that power is cheap, or we can face the truth. People like you, when GEJ was in charge were blaming government. Now, the other side is blaming government, while you are saying we are too poor..and defending government

But the simple fact is, we cannot be paying below market price for power, and expect 24 hours a day power supply, seven days a week.

Subsidy was never the problem rather the fraud surrounding subsidy was the problem

Good news

Jorussia:
many of them here don't read news.once they see headline they want to start criticizing govt.

Lol.. very unfortunate

Ikaeniyan0:
Which other country is producing Agbami crude oil like Nigeria? The crude oil was gotten in the Niger delta.

So why not build the refinery in the Niger-Delta!? It’s the ndi awa oyel dem that i pity!

bekpo:
If u investigate properly, u will understand that d allege imported crude is Nigerian crude oil exported n imported.

A lot of underhand dealings go on in the oil and gas industry….with the knowledge and blessing of those in gov’t calling the shots! So long as everybody involved gets their cut, you wouldn’t hear kpim!

seunmsg:


Basically, we will have to stop importing refined petroleum products. That alone will save us millions of dollars that we usually use to pay for imported petroleum products. With more dollars saved, CBN will have more forex to defend and stabilize the Naira.

Again, a lot of jobs will be created. The byproducts of crude oil will also be a source of raw materials for local Agriculture and manufacturing. The gains are enormous.

Ah, Kadoso, you want to use hydrocarbon byproduct for agriculture? Ah!

LOVEALAIGBO:


So why not build the refinery in the Niger-Delta!? It’s the ndi awa oyel dem that i pity!

Who's stopping you from applying for license and build your refinery wherever you want in the Niger delta?

Hez143:

please sir, how long will it take to refine the crude oil when it arrives

First ask your self if the refinery is ready to start operation?. before you can now talk about time.

kellybently:


First ask your self if the refinery is ready to start operation?. before you can now talk about time.

so they bought the crude for storage or what just look at what you're saying

Hez143:

so they bought the crude for storage or what just look at what you're saying

So refinery won't have storage tank.You think they buy and refined directly like that.

Ikaeniyan0:
It was not imported. Agbami crude oil is from the Niger delta.

Indeed. That's the Ikorodu-born, Forbes-rated billionaire Mrs. Folorunso Alakija's crude oil field... Agbami (is a Yoruba word which means deep sea or the deepest part of the sea) is operated by the American oil multinational Chevron in partnership with Famfa Oil and more.

https://web.archive.org/web/20151210011650/http://scholastica.ng/schemes/agbami

https://dailytrust.com/enterprise-africas-richest-woman-alakija-reveals-success-secrets/


"Agbami crude oil shipment to Dangote refinery"
Kudos to everyone who made this happen. This move will begin to conserve forex.

Biodun556:

https://leadership.ng/dangote-refinery-set-to-commence-operations-as-first-crude-shipment-arrives/

After a series of delays, the Dangote Refinery, a mammoth $19 billion project in Nigeria, is finally poised to commence fuel production as the first crude shipment arrives at the facility, marking a significant milestone for the country’s oil industry.

Quoting industry sources and tanker tracking data, S&P Global, in a report on its website, spglobal.com, said that the OTIS tanker, carrying a 950,000 barrel cargo of Nigeria’s Agbami crude, set sail on December 6 and is currently en route to Lekki, the nearest land port to Dangote’s offshore crude receiving terminal.


The tanker is expected to arrive on December 7 around 8pm, this shipment marks the initiation of crude supplies for the refinery’s operations.

The Suezmax tanker, chartered by the state-owned Nigerian National Petroleum Company (NNPC), symbolises the initial crude supply to Dangote’s state-of-the-art refinery as it gears up to initiate production, revealed a West African oil trader familiar with the matter, the S&P report said.

https://leadership.ng/dangote-refinery-set-to-commence-operations-as-first-crude-shipment-arrives/

socialmediaman:
Tinubu built the refinery just like he built Lagos, now building Nigeria

My BaTu till 2131

Let's don't forget Dangote has huge debts to pay. Its one thing for the refinery to start refining crude, its really up to him to either sell refined products to the Nigerian market or export it to the west African sub region where its more profitable!!

Spandau:


Ah, Kadoso, you want to use hydrocarbon byproduct for agriculture? Ah!

Go and read about fertilizers.